Some cash in the bank, line of credit paid off ready for the next project, and valuable lessons learned.....I can remodel/rehab with the best of them but knew next to nothing on the investment end.

To pay for the tax relief, the lawmakers approved rules making it harder for people to exclude as much as $500,000 in profit from capital-gains taxes on the sale of second homes.

In the past six years, I have rented, rehabbed, and/or leased over 25 properties all across the US.My main objective of branching out to this forum is to gain knowledge and network with ethical real estate investors.Thanks for your time!

If that doesn't work, lose the 6k and learn a valuable lesson.

I would like my first investment to be a small flip where i can get a good profit and gain experience.

Just looking to start off small and build up little by little and gain experience.

I am assuming that we could sell the condo after the two years are up and hope that the property gained in equity. 1)I keep on asking myself what I am missing.

However, northwest San Antonio is exploding with growth, most of the buyers being wealthy foreigners from Mexico, its as if the subprime slime doesn't even phase the Austin and San Antonio markets, I love seeing even 8-12% /year gains on this current slowdown where Glendale, California people are selling 50-60 K below market value just to be able to sell.

It sounds like you have some valuable experience in the two markets.John Corey

I'm hoping to gain a lot of insight from this board.