Capital gains realized by nonresidents on the sale of Portuguese property are taxed at a flat rate of 28%.

I'm quite not 100% on wether or not if I purchase my first investment property where I currently live (Virginia) (*which I will be*). should I also gain my license here since I'll have a property within Virginia.

It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $250,000 Mortgage Amount (80% LTV): $200,000 Equity: $50,000 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop from 6% to 5%Monthly Expenses: Mortgage Payment: $1,074 Property Tax: $260 (4% Adjustment from last year) Utilities: $309 (+3% Adjustment) Insurance: $104 (+4% Adjustment) Vacancy: $105 Repairs & Maintenance: $105 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $1,957Rent Income after 12 months assuming annual rent increase at 5% : $2,100Cash Flow: $143 per month 😊Year 2 Return on investment $2,951 Principal Paydown year 2 $20,000 Property Appreciation (assuming 8% per year) $1,720 Yearly Cash Flow (this will increase as rents rise) $50,000 Initial Equity Total Gain $74,671 with just $ $22,789 remaining in the deal. 

I too appreciated your response, so your recommendation will hold a lot of weight. 

I’d fix it up and list it to sell after I’d been there two years to take the gain tax free.

I think there will be a market for it and you will gain some market share, but I don't think there will be tons of profits coming in.

@Dylan Jeluso see if you can join a team in your real estate office to gain experience.

So your capital gain when you sell this property will be calculate against your tax basis and not against your mortgage as many investors expect.

You’ve gained valuable experience from your first duplex and are now approaching real estate with a strategic mindset

Does this completely prevent the tax lien holder of getting additional gains after foreclosing?