Originally posted by @Oleg I.

Originally posted by @Dennis Rootes:Hi everyone,I live in SoCal but can't afford to invest here.

Originally posted by @Jeffrey Isenberg:Jenny,Great question as there is indeed a lot of focus placed predominantly on cash flow that makes the returns associated with out of state appear to be the way to go.However, real estate returns are obtained from 4 areas: cash flow, appreciation, tax benefits & equity build up through amortization. 

The Sponsor could be the original developer of the condo or someone that purchased the original developer's interest or a subsequent sponsor's interest.

Originally posted by @Tyson Hosey:I have a rental that was a live-in flip.

Originally posted by @Dennis M.:260k wow a 1bedroom 1 bath here is like a 30k house lol Must be some amazing area you are in Prices in Erie, PA are definitely quite a bit different than places like Boston/NYC/Chicago/DC/SF/LA...heck even certain areas of the Philly market are starting to be stupid priced now. 

Hi Dale,First, keep in mind that your gain for tax purposes is not how much cash you walk away with, but the selling price less your original purchase price (plus any capital improvements made; no depreciation in this case).If your gain is still more than $250,000, there isn't anything that you can do directly. 

Originally posted by @Vinay H.

Originally posted by @Lana Lee:Having a down payment money is great but what is your credit like and what is your mortgage payment ability, what is your debt to income ratio?

Originally posted by @Patrick Philip:I think I can currently do 12/year.