The loan, OTOH, has no effect on the taxable gain.I would advise you to sit with an accountant or financial planner and go through the number in detail, with consideration of your other income, and discuss future goals.

This gets a little more complicated, feel free to contact me offline about more details.

That said, here are some details of my first deal:Location: Toledo OHType: Duplex (2/1 @ 2)Purchase Price: $49,000Appraised Value: $62,000Current Gross Rent: $1065Market Rent: $1,2501% Rule: 2.17%COC: 17.37%Financed w/ 25% DownThis is a long-term buy and hold.

We currently have our eye on a tear down sitting on less than about 7,000 square feet of waterfront land.I'm curious if anyone has experience with the shoreline certification process and pulling permits to build waterfront.

Keep an eye out for an airbnb possibility - mother-in-law suite, etc. if you live in a conducive area. 

I have over 100 clients in a particular program.I'll send you a PM with the details.

I strongly advise that you should always have a conversation to have a mortgage professional vet you with basic information first.I could get into a great length of detail on almost everything I touched base on, but I tried my best to keep this short enough to get to the point.

Do you happen to have more details on the meetup in castle rock tomorrow?

I’ll be meeting with her agent soon to discuss the property details.

I'll be meeting with her agent soon to discuss the property details.