Hi Basit, thank you - I would love some ideas and insight here. I will have a minimum of 50,000 gain and I am uncomfortable about doing any heavy rehab work, building out a "new build" from scratch would not be smart because I have zero experience. How do I create the best deal for myself here with this opportunity I have? One that cash flows and appreciates well over the 10 years? If I leverage the 50K I could buy something for 200K+ and try to find a great deal but even if I got a deal for 100K, I am not looking to put 100K of rehab into something over 2 years. I could buy something in an OZ for 50K cash and put 50K but everything I am seeing for 50K is unappetizing. Could I look for properties where the building is worth very little but the land is worth a lot so I can deduct it from my basis? So like if I found a $200,000 piece of land with a 25K house/shack included on it, could I take a mortgage out for that 200K using my capital gains of 50K for the down deposit, then only have to put another 25K into it for the whole 200K investment to count? I haven't seen that.
