I'm making up numbers, but if he bought the house for $200K and it is now worth $500K, he's made $300K. 

It really depends on the condition of the property and your relationship with the agent.We bought an off market deal years ago and hired an agent to push paperwork.

Indeed, non-EU purchasers only represent a few percent of the houses bought in the country and the properties they generally buy are not affordable properties so that tax wouldn't solve anything and would bring less capital and less jobs to Spain.

I think Collin is being a little tongue in cheek with the Boone's Farm comment.I work with a local, large wine store, wait for their semi-annual sales when they compound discounts and buy 2 cases of each (white & red) for the largest discount.Basically I'm setting out wine that retails for $11-12-13 that I have paid $7-8 a bottle.  

and if they were bought in all cash, they should be cash flowing pretty well... are they?!

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

BUT if you bought R.E. with that, down the road, it will kick out $ month after month after year after year. 

I only bought props pre foreclosure with significant equity. 

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.