Joey Fontenot III, Charles Perkins and Jon Holdman are correct in that it will be taxed at your ordinary rate.

Charles makes a good point - as long as you are optimistic, you can continue to find deals and work in any type of market.

Thank you Charles and Jackie for the warm welcome!

Charles, I ran their numbers and for an all cash buy, it's better than a poke in the eye with a sharp stick, as they say.

I think Charles has a good annual income # AS LONG AS THAT IS AFTER taxes.

Loudoun, Fairfax, Arlington, Stafford, and Prince William.

I didn't bother reading the 2nd article because it was written by Charles Hugh Smith.

Chasing rising prices is the primary cause of bubbles such as the real estate bubble or even the great tulip mania (bubble) (Dutch Golden Age - 1637) Read "Extraordinarily Popular Delusions and the Madness of Crowds" - Charles Mackay.

@Charles Moore- This is great information... this was on my list to tackle as I've been looking at out of state investing.

Thank you,Ernest keywords: Prince William County, Lakeridge, Dale City, Dumfries, Stafford, Fairfax, Arlington, Alexandria, Agent, Contractor, Broker, Attorney, Hard Money, Private Money, Wholesale, Rehab, Buy and Hold, Tax Strategy, Lender, Finance, Database, Newbie, Growth, Thank you.