That's not something that gets tracked during the life of a property unless someone recently had a valuation done for a refinance.Two, with a one-off deal, they don't know if they are getting the best deal because it wasn't exposed to everyone in the market.So, if the property has equity, the owner will use the proceeds of the sale to pay off the mortgage.

FAR from a master and am always looking to learn more.Football: I am a life-long Buffalo Bills fan.

This gain may be offset against the losses that have been hopefully generated in the earlier life of an investment.

Definitely don't want to pay PMI for the life of the loan.

The last tenants were neighbor-from-hell, drunk & drugged out, criminal trespassers who habitually abused my property during all-night parties with numerous friends and relatives.

With being in the highest tax bracket, the LTCG tax rate is 20% with a total tax of $140K ($700K X 20%).The couple owns their current house free and clear and they're 70 years old and want to live in the new house they'll buy for the rest of their life.

If If I could go back to that stage of my life I would want to go that route.

If you go two blocks over it looks much worse, but it is investors like us that are taking these older properties and bring them back to life. i was looking at this complete gutjob - https://www.har.com/2720-truxillo-street-6/sale_59...It could be a decent investment, assuming i could get them to go about half the price they're asking.

Though as much as I enjoy my work, I don't want to have a 'job' for the rest of my life.

New investors are well-advised to steer clear of C/D properties - the turnover, evictions, and Section 8 red tape are a hassle even for more experienced investors and the returns are rarely as good in real life as they look on paper, especially if you have to pay for a PM to manage an out of state investment.