It’s appreciated in value considerably while I’ve owned it.I know there is the 250k exemption on profits from the sale of your primary residence but that has to have been your primary residence 2 of the last 5 years.

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

During that time I’d also have the line of credit to pull on for repairs/vacancy/maintenance, and I’d have that line already established for my next investment.The second option is to put traditional mortgages on them in 6 months once the sale seasons.

Purchase price: $629,000 Cash invested: $415,000 Sale price: $1,350,000 Bought a 2 family home and gut renovated it into two condos.

On Craigslist I saw lots of "Fash Cash", "Quick Sale for cash", "We bug houses" type of ads, has anyone done such a transaction?

Purchase price: $85,000 Cash invested: $13,000 Sale price: $110,000 This was my first property.

In brief discussion with friend he mentioned the tenants offering a $300K down payment, he did not mention if they talked sale price.  

This will make the future sale and all income easier to track and also reduce my liability exposure.

Short-sale, on the MLS, let the agent double-end the deal.

Purchase price: $160,000 Cash invested: $21,400 Sale price: $253,000