You'll pay ordinary income tax rates on that so somewhere between 10% and 35% depending on AGI.Sell it.all cash

I don't do a lot of creative finance investing but in ordinary investing, I would say some of the biggest obstacles are:1.

It is not an ordinary Condo Building.

The ordinary citizen who buys these homes is going to take longer to complete the process and in some cases, probably end up not doing the deal.There was one show where they did 5 houses on one street.

If you sell an asset in less than a year from buying it, then your profits will be taxed as ordinary income (at whatever your tax rate is for your income).

Under a year it is a short term capital gain, and it goes as ordinary income at whatever your tax bracket is.

Dealer status means everything you make is tagged as ordinary income with self-employment tax on it.

"Flips" or anything you resell within a year of buying it (without utilizing a 1031) is taxed as ordinary income.

brit,how much money you need is relative to where you'll be investing, how you'll be investing and what you'll be investing in.i mean, if you can put 100k together, great!

The more I learn about financial intelligence and the fact that the people who reap the rewards of it are just ordinary people doing more than the ordinary person.