Types of Cash Flow that Can Be SoldPrivate Mortgage Notes Catastrophe Fund SettlementsAnnuitiesLotteries and Structured settlementsCar, Marine and AircraftCharitable Remainder TrustsBail bonds secured by real estateDivorce liens Notes created in the sale of a businessMobile home seller financingViaticalsVacant land notesInheritance NotesReimbursement Agreements to Developer from utility company Vendor Carryback Paper Vocational School Paper Working Capital Financing

It Appraised at $700k.We’re thinking of refinancing the construction loan to an 80/20 int only.80 @ 7.2% 20 @ 10.8% We’d get $250k cash-out to pay off debts and buy land for another new house.I'm living in the house now; We’d sell the house after 6 months (1 year after acquisition of land = .05 Capital Gains tax).

I also had very little starting capital.

Your local REI club is a great place to find local ones.As for future exit strategies, if $6,000 is the only capital you have then I would focus on ways to build more capital

I dont have a lot of capital left and don't want to get in over my head until I resell this first house, but at the same time why should I pass on all these other possible deals?

No long term capital gain status even if you hold it for over a year and no 1031's.Tax free gain on a homestead actually does not require you to live there for 5 years.

To avoid paying capital gains taxes on the sale of my personal residence before I live in it for two years?

Your capital investment is sizable.

Read robert kiyosaki book on Tax Loopholes, i read it and formulated a list of questions to ask a CPA when i find one to see if they are still applicable today... jus a few examples are decpreciation (unsure on how exactly it works but i understand the concept), some rules on capital gain and how to avoid it.

I have been doing my research for the past few months and I have been trying to investigate all aspects of "the flip." One question I have is- How much do most of you generally pay, percentage-wise on captial gains. I...