Purchase price: $830,000 Cash invested: $225,000 The invested gain from the previous sale was utilized to upgrade, leveraging an ideal location for long-term appreciation, ultimately ensuring income during retirement.

Purchase price: $375,000 Cash invested: $80,000 Sale price: $605,000 Bought above market rate, held on for 3 years and sold to take out gain for upgraded property.

The reason we ask is because tax sale can be risky and odd things can happen. 

This would be a flip, but if push came to shove, refinance and attempt to list on market during peak sale season in my area.

If the sale of the house proceeds, I’m curious about the potential net gain after factoring in the 5% realtor commission, closing costs, and any bank penalties for early mortgage termination.

Several weeks after sale,  out of the blue I received a letter form a creditor that there was a lien for $600 on the property PRIOR to the sale, that the builder never paid and now they are going to put a lien on the property against my name.

Too many new investors are baited into the "you can do this anywhere" sales pitch.

KellyThey asked the same question for me and I told them that I'm looking to make an all-cash purchase with a true turnkey company that will stand by their product as they own, rehab and rents their properties for me while providing best in class property management services.

MM has a number of different versions of whole life policies, and the current interest rate ranges from 5.0% to 5.72% depending on the product. 

(Of course there are sales costs, tax implications, etc).Thanks!