It's a tiny bit of effort and cost, but it's incredibly valuable!!!

I'm just wondering if in a few years I can sell the house and have any potential gains covered under the $250k exemption, since it is my primary residence.

I have thought about getting a brokers license in a single licensure State and then coming back to Maine to take the Brokers test to get around the whole issue, but I feel I would be missing out on the valuable experience that a seasoned agent could share with me.

As I dredge through the hundreds of hours of valuable information here on BP.

total estimated interest = $4.7k2) LOC refi- $2.6k in closing costs, plus $2.9k interest over the 24 month life of the LOC equals total cost of borrowing = $5.5kSo basically for the LOC i'm paying $800 in additional costs over the two year period to gain access to the remainder of the LOC ($92k) at 5.75% interest to be used to jump on cash deals, etc. if needed.

As someone who dabbles in day trading once in awhile, I always set my exit strategy before going into a position, taking gains or losses at predetermined prices without (much) emotion in order to profit or cut my losses early.As a young real estate investor with a full time job, I have been acquiring SFH rentals at 60% to 70% discounts from 2006 highs in the Phoenix market.

Originally posted by Bienes Raices:...I don't understand why your low offers would suddenly be more enticing to the listing agent in your town if she now has to split a commission with your buyer's agent.That is wisdom gained from the BP forums shining through!

Often, if you can get to the heart of why the seller needs (NOT wants to sell) to sell and what they need from the deal, you can gain the best information to structure a desirable deal.

Plus, you need a huge down payment to make up for loosing the long term interest in the property as well as offsetting the capital gains taxes and subsequent taxes from the payments....and you have to deal with escrow and those costs.

For instance in Georgia the GREC (Georgia real estate commission) cares NOTHING about ethics.What they do care about is license laws.If you are a REALTOR for example you subscribe to the CODE OF ETHICS.In my state it is not required to be a REALTOR to have an agents license or a brokers license.Just because someone is not a REALTOR and has a license does not mean that person is not ethical.I see nothing wrong with a buyer or seller who has spent considerable time learning knowledge to gain a competitive advantage in a transaction.