I want to buy my 1st house in Mobile Alabama where I have a real estate license but..?

April 23rd, 2008 · No Comments

I want to rent it out while I rent an apt. in Missouri. How would that work would I be subjeced to capial gain taxes if i decided to sell it a year later being that I didnt live in it and it would be my only property? Im thinking now would be a good time to buy but my job is in St. Louis for now. I need help what would be the best path for me to get back to Mobile and start investing in real estate. Any ideas?

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