@Ouman You, Anywhere from $0 - $850K  depending on all kinds of significant factors both past present and future.Whether or not it's their primary residence makes a $330K swing in recognized gain between depreciation and the primary residence exemptionIf it was their primary residence they could convert to rental and then 1031 while still taking the $250K in primary exemption.If not their primary then depreciation is a factor on one end and the nature and timing of the sale a factor on the other end.  1031, installment sale, late year sale with 1031 and a shift in recognition till following year...Costs of the sale could easily impact gain by another $300K.And of course any improvements at all other than the $200K??? 

I love to play golf and do about once a week so maybe will play with investors here soon.

page=1#p1868969 There are many creative techniques you can consider, I carry a pocket pack with me all the times to remind me of ways to do a deal.Some creative methods:Vertical break up (50% discount on properties)Hybrid offerDelayed settlementsJoint venturesFront porch offer, discount, nothing downMortgage out100% solutionsSubordinated  financingSeller participation Control and RollNothing down money backSplit notesCreation of paperPartners equityThese are a few of the many ways to close deals especially if it is a hard to close a commercial deal.My son, also an investor, always says, "Having many ways to close a deal is like a batter in a ball game who has 10 swings at a pitch instead of 3." 

I'm not that familiar with the Albany market, but I would assume that it follows the same pattern of NYC, with a high barrier to entry (meaning high purchase costs, high appreciation, but also low cash flow).Mention me again and I'll swing back around to this thread to see what else the veterans have suggested you do.

Close to the beach along with pools, lakes, games,mini golf course and a club house.  

I will buy 1 or 2 semi loads of shingles at a time if I can swing this, and my profits will pay my deductible on the ones with a $1K deductible each. 

Swing by and say hello!

Even when he was breaking even he was getting ahead.Out of all those properties the one that I grew up in was the worse one he owned.Now he is sitting up north in his cabin on the lake and he goes fishing or golfing everyday in the summer and sits out on the deck still smoking his cheap cigars and cheap beer.That is my inspiration and also shows me that when people try to put doubt into what you want to do you pay them no attention and keep moving forward.Also nothing wrong with dreaming but you also need some doing to get anywhere.Scott

You can add up principal from several payments if you can swing it. 

I’m interested in swinging by