You do not have to wait until your property is done with repairs. Find out when is the right time to put your property in the market if it’s going through repairs/improvements.
The most common way to avoid paying taxes on the profits from the sale of your real estate investment is by doing a 1031 exchange. And although the process can be a bit intricate, it’s very doable and highly beneficial.
Have you converted your garage into a bedroom, or added a bathroom without permits? Or turned your covered patio into an additional living area without permits? And you are asking yourself if this will hinder the sale of your home? Every situation is different, but for the most part it will not.
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