Not only was it a great experience, it turned into a profitable one.

If your realtor is so confident ask him to cover your shortage and agree on splitting the profit when you sell ?...

I have some interests in real estate and have read that foreclosure is an efficient way to gather up profits.

Emerging Real Estate Markets - How to Find and Profit from Up and Coming Areas from David Lindahl.

Foreigners were only allowed to own up to 30% of apartments in each condo or development.....then.I took possession of the apartment, lived in it for a year before I sold it at a small profit.

When the closing took all of 10 seconds I decided this was a pretty sweet way to proceed.Since then I do all my flips buying for cash and then selling on "low down, owner will finance" deals that allow me to (occassionally) purchase off the MLS and sell the same day for a profit.

They will say they are new properties, and they have ready tenants, so the expenses will be low.At best, they're understating the expenses and covering the shortfall out of their profit for the guaranteed period.

After 1 year, i have completed 18 real estate transactions with all of them netting over 20K and i have created multiple streams of income for my business that give me monthly profits of over 5K a month.

You should definitely read some posts by MikeOh he's the king of rental property around here and he's definitely got the recipe to make it profitable!

Our buyer will then buy it from us with cash (so yes, we will have actually owned the property for an hour or so)So, if our profit was $40K, are we liable for capital gains tax, regular erned income tax or what?