If you have lived in the property for two out of the previous five years you could qualify for the 121 exclusion, where you get the first $250k ($500k if married) of the gain tax free.

Thank you all for posting honest questions and experiences, I agree, the scam as I see it, is, pay the money for the "money making program"  Find me a unbelievable deal (if you can on your own time) and the guru will pay you $10,000 IF it meets his criteria (read small print, tons of exclusions and conditions!)

I almost exclusively do network marketing and would love to connect and bring you along to different events.

Property owned before marriage, or acquired by gift or inheritance, is considered separate property and belongs exclusively to the spouse who acquired it.WORD TO THE WISE ----- Keep separate property separate and DO NOT COMINGLE them, if you live in CALIFORNIA or any other community property state - which I believe are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin!

I also could have sued him for my full commission because I had him sign an exclusive buyers agency agreement prior to the showing, had I wanted to.    

Your only real question here is how much additional equity can you earn before you sell before the rate resets and before you lose your capital gains exclusion, versus the opportunity costs if you sold and cashed out now.

This is why it is important to have appropriate insurance and even more importantly making sure your actions are not listed under exclusions in coverage. 

Don’t waste time with buyers/sellers/borrowers that won’t give you an EXCLUSIVE; if you do you’re competing with every other financial intermediary or broker and even if you’re successful probably won’t get paid4.

That works much better at 50+ unit properties.I have made the decision to invest exclusively in SF homes a long time ago, because it requires the lowest amount of management and provides the highest revenue per unit.

They require you to sign an exclusive agreement with them.