Quote:
Originally Posted by Toymeister
I bought a TV home and flipped it.
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Thank you. That is a good idea and likely can be done again and again with minimal downside risk if one is careful and sticks to The Villages which is unique. TV may be subject to some price slippage at this time in the real estate cycle but likely less so than most other communities.
My friend lives in Texas and is likely to stay there but I might look into flipping a home or two in TV.
A few years back my friend sold an office building for $3M he owned in New Jersey using a charitable remainder trust (CRT). He and his wife obtained multifaceted benefits from that and saved about $1M in income tax on the gain. He invested the proceeds from that sale in the stock market which has as we all know been on a raging bull bender.