That 100K may prove to be more valuable in generating more short term capital (like rehabs) which then can be invested into longer term investments (like rentals)

After gaining great education I moved to Jersey City and I rented a decent apartment in a house on top floor in affluent heights area of JC.My landlord told me and is part of lease agreement that heat and hotwater included, now after staying here for 4 months we had heating started in the month of October and my utility bill jumped from average 40 dollars to 250 dollars a month.

Section 453 (Installment Sales) allows investors to avoid the bulk of capital gains taxes ordinarily due on the sale their investment property.

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And every time they show the Gain, it is gross, not net of real estate commission (Montelongo's seem to have their own real estate licenses as well as mortgage license), closing costs, stamps on the deed and mortgage, etc.

If you sell it after 1 year then you will be taxed at the long term capital gain rate, which if I remember correctly is 15%.

I have been reading all of the forums working my way back and I have already gained so much information but nothing beats hands on work.

Better yet, move in it for two years, let it appreciate and then take your tax free gain.

I have been reading all of the forums working my way back and I have already gained so much information but nothing beats hands on work.

Over a year its taxed as a long term capital gain, 15%.