Mortgage question

[Bilgefisher]

<div class="bbWrapper">I just closed on my house at the end of June. Today I got a phone call from my buyers agent with a pre-offer for 30k more then I paid for the property. He has a client who is looking to get into a property with little to no fixup asap. My house is one of the only ones in the area that fits that billet within their price tag. I&#039;d like to take them up on this. It fits right into my plan and would allow me to purchase another personal residence.<br /> <br /> -Question is, since I just bought the property with a traditional 30 year fixed, will selling immediately hurt my chances to get another loan soon? I would try for another VA loan. I have heard banks frown on this practice, but I have not seen concrete evidence of this.<br /> <br /> -I know the gain would be taxed like regular income, is there anyway to 1031 (or similar)this on a personal residence?</div>

 

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[rxcknrxll]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="Bilgefisher" data-source="post: 56937" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=56937" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-56937">Bilgefisher said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I just closed on my house at the end of June. Today I got a phone call from my buyers agent with a pre-offer for 30k more then I paid for the property. He has a client who is looking to get into a property with little to no fixup asap. My house is one of the only ones in the area that fits that billet within their price tag. I&#039;d like to take them up on this. It fits right into my plan and would allow me to purchase another personal residence.<br /> <br /> -Question is, since I just bought the property with a traditional 30 year fixed, will selling immediately hurt my chances to get another loan soon? I would try for another VA loan. I have heard banks frown on this practice, but I have not seen concrete evidence of this.<br /> <br /> -I know the gain would be taxed like regular income, is there anyway to 1031 (or similar)this on a personal residence? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> What&#039;s up man? I&#039;m a small re investor and a licensed agent...not a lender or cpa of course, but I do believe you&#039;d be looking at a short term gain tax for sure. I don&#039;t know of a reason you couldn&#039;t 1031 though. Maybe someone can correct me. From my limited experience with flipping, I&#039;d submit that it is unlikely you could sell this to an FHA buyer, as FHA requires seasoned title. Some originators are able to squeeze those through the gates though. You might want to get this straight with the potential purchaser before going too far into it. Congrats on the quick bucks though <img src="/community/imgs/emoticons/em-smile2.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /></div>

 

[rxcknrxll]

<div class="bbWrapper">the reason i mention the FHA thing is because the *majority* of deals i&#039;m doing right now are FHA. if it&#039;s a residential property, there&#039;s a good chance this buyer may be on an FHA. your agent would be able to tell you of course. if he has an experienced lo, it may not be a problem.</div>

 

[phlgirl]

<div class="bbWrapper">Bilge -<br /> <br /> Did you own a home before moving into this residence? I can&#039;t remember - but if not, you should not need to pay any tax. You get a primary residence exemption once every two years.<br /> <br /> Not sure about 2nd application for a VA loan, so close to the first, but, from a credit stand-point, wiping the debt clean should not have a dramatic effect.<br /> <br /> Congrats. Sounds like it might work out great.</div>

 

[rxcknrxll]

<div class="bbWrapper">I&#039;m pretty sure you need to have lived in the home for 2 of that past 5 years in order to be exempt from gains tax.</div>

 

[Bilgefisher]

<div class="bbWrapper">Thanks for the replies. Looks like I&#039;ll most likely have to take this a taxable income if I do sell.<br /> <br /> This deal is in no way close to final, but I will tell the Buyers agent that I&#039;m willing to sell. Of course I&#039;m always willing to sell for the right price. The intention was to hold this property for 2 years then sell. If I sell now I can just as easily do the same thing with another property in the area, except I will have 10k extra sitting in my pocket. I&#039;m assuming 1/3 to taxes and 1/3 to the next down payment.</div>

 

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[rxcknrxll]

<div class="bbWrapper">When&#039;s someone gonna come up to ME and offer to buy a house I just bought for a 30k profit?:smxB:</div>

 

[phlgirl]

<div class="bbWrapper">(still love that quote)<br /> <br /> For some reason, I think the rule is only once every 2 years. The gap in between primary residences must be at least 2 years but if there was not a prior primary residence sale and Bilge was truly treating this as his primary (pretty sure he was), I think he might qualify.<br /> <br /> I am not a CPA - I do have a degree in Accounting. You would want to check with a CPA, to be absolutely sure. I could be wrong.<br /> <br /> Now it&#039;s going to drive me nuts and I am going to have to read tax code.... ughhh haha<br /> <br /> Where is Diane? <img src="/community/imgs/emoticons/em-smile2.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /></div>

 

[Bilgefisher]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="JScott" data-source="post: 56949" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=56949" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-56949">JScott said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Sounds like you&#039;re concerned about lenders not looking kindly on your paying off a loan quickly...is that it? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> This is my biggest concern, especially with the lending headaches as of late.<br /> <br /> <blockquote data-attributes="" data-quote="phlgirl" data-source="post: 56951" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=56951" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-56951">phlgirl said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Bilge -<br /> <br /> Did you own a home before moving into this residence? I can&#039;t remember - but if not, you should not need to pay any tax. You get a primary residence exemption once every two years.<br /> <br /> Not sure about 2nd application for a VA loan, so close to the first, but, from a credit stand-point, wiping the debt clean should not have a dramatic effect. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I have only owned the home since June 23rd 08. So not very long at all. It was fully intended to be my primary residence for at least 2 years.<br /> <br /> As far as VA, I am allowed to start a new VA loan as long as this one gets paid off. Slightly higher penalties for each new VA loan.<br /> <br /> <blockquote data-attributes="" data-quote="phlgirl" data-source="post: 56956" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=56956" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-56956">phlgirl said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> (still love that quote)<br /> <br /> For some reason, I think the rule is only once every 2 years. The gap in between primary residences must be at least 2 years but if there was not a prior primary residence sale and Bilge was truly treating this as his primary (pretty sure he was), I think he might qualify. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I&#039;ll make sure to check into this. That would be excellent if it was tax free. I&#039;m not planning for it though.<br /> <br /> Its got me kinda excited though, I think I could use that cash to generate much more. There are plenty of small rehabs in this area that could easily make a new home with equity for me, or the possibility for a few flips. Outside investors are really looking into this market.<br /> <br /> Now for the really tough chore, convincing my family to help me move again. It will make 8 times in 3 years.</div>

 

[rxcknrxll]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="phlgirl" data-source="post: 56956" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=56956" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-56956">phlgirl said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> (still love that quote)<br /> <br /> For some reason, I think the rule is only once every 2 years. The gap in between primary residences must be at least 2 years but if there was not a prior primary residence sale and Bilge was truly treating this as his primary (pretty sure he was), I think he might qualify.<br /> <br /> I am not a CPA - I do have a degree in Accounting. You would want to check with a CPA, to be absolutely sure. I could be wrong.<br /> <br /> Now it&#039;s going to drive me nuts and I am going to have to read tax code.... ughhh haha<br /> <br /> Where is Diane? <img src="/community/imgs/emoticons/em-smile2.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /> </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Thanks <img src="/community/imgs/emoticons/em-smile2.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /> The IRS has stipulations that you don&#039;t have to have lived there for an uninterrupted period of time, which is what makes me pretty sure it&#039;s an actual two year occupancy which is required. For example, you can live there for a year, rent it out for a year, then move back in for a year and sell it and owe no capital gains tax. But you must be able to show it&#039;s been your primary residence for at least two of the past five years. there&#039;s also a cap on the exemption of $250k for a single person or $500k for a married couple. Yeah, Diane would be able to settle it for sure.</div>

 

[Kung Fu Steve]

<div class="bbWrapper">I think the rule is 2 years (at least here in Minnesota)<br /> <br /> And I don&#039;t believe you can 1031 your personal residence. I&#039;m sure this is some sort of loophole though, ask a tax accountant.</div>

 

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[phlgirl]

<div class="bbWrapper"><span style="font-size: 10px">From the IRS website:</span><br /> <br /> <br /> <span style="font-size: 10px">For home sales after May 6, 1997, if you meet the ownership and use tests, you will generally only need to report the sale of your home if your gain exceeds a certain dollar amount prescribed by law. To determine the amount of gain that can be excluded from income refer to </span><a href="http://www.irs.gov/publications/p523/index.html" target="_blank" class="link link--external" rel="noopener"><span style="font-size: 10px"><span style="color: #1c4e80">Publication 523</span></span></a><span style="font-size: 10px">, <span style="font-family: 'Verdana'"><i><span style="font-family: 'Arial'">Selling Your Home</span></i>. You may be entitled to exclude gain from income if during the 5-year period ending on the date of the sale, you have: </span></span><br /> <ul> <li data-xf-list-type="ul"><span style="font-family: 'Arial'"><span style="font-family: 'Verdana'"><span style="font-size: 10px">Owned the home for at least 2 years (the ownership test), </span></span></span></li> <li data-xf-list-type="ul"><span style="font-family: 'Arial'"><span style="font-family: 'Verdana'"><span style="font-size: 10px">Lived in the home as your main home for at least 2 years (the use test), and </span></span></span></li> <li data-xf-list-type="ul"><span style="font-family: 'Arial'"><span style="font-family: 'Verdana'"><span style="font-size: 10px">During the 2-year period ending on the date of sale, you did not exclude gain from the sale of another home. </span></span></span></li> </ul><span style="color: black"><span style="font-family: 'Arial'"><span style="font-family: 'Verdana'"><span style="font-size: 10px"><b>If you owned and lived in the property as your main home for less than 2 years, you may still be able to claim a reduced exclusion in some cases.</b> If you are required or choose to report a gain, it is reported on </span></span><a href="http://www.irs.gov/pub/irs-pdf/f1040sd.pdf" target="_blank" class="link link--external" rel="noopener"><span style="font-family: 'Verdana'"><span style="font-size: 10px"><span style="color: #1c4e80">Form 1040, Schedule D</span></span></span></a><span style="font-family: 'Verdana'"><span style="font-size: 10px"> (PDF), <i><span style="font-family: 'Arial'">Capital Gains and Losses</span></i>.</span></span></span></span><br /> <br /> <br /> <span style="color: black"><span style="font-family: 'Arial'"><span style="font-family: 'Verdana'"><span style="font-size: 10px">It&#039;s the bold segment I was thinking of - but I cannot find the reduced exclusion cases, in writing. There are some &#039;loopholes&#039; - I know one of them is job relocation (used that one myslef) but cannot remember the others.....sorry. It might be worth asking but my memory is fuzzy - been a little while. <img src="/community/imgs/emoticons/em-smile2.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /></span></span></span></span></div>

 

[phlgirl]

<div class="bbWrapper">Duplicate - please delete</div>

 

[rxcknrxll]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="Bilgefisher" data-source="post: 56957" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=56957" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-56957">Bilgefisher said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Now for the really tough chore, convincing my family to help me move again. It will make 8 times in 3 years. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I hear you. I&#039;ve been married 10 years...lived in 15 places. I gotta quit this!</div>

 

[rxcknrxll]

<div class="bbWrapper">phlgirl, thanks for the irs content. i thought of hitting that site myself. if i&#039;ve learned anything in re, it&#039;s that there&#039;s loopholes for *nearly* everything...good counsel is imperative. i&#039;m feeling lately that i&#039;ve outgrown my cpa entirely. having good people on your team is one of the biggest differentiating factors between middle class and rich.</div>

 

[bflash98]

<div class="bbWrapper">That is a great offer is that 30K over your purchase price after fees or before you have to pay fees? It sounds good as long as you don&#039;t have to pay realtor commissions<br /> <br /> <br /> <blockquote data-attributes="" data-quote="Bilgefisher" data-source="post: 56937" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=56937" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-56937">Bilgefisher said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I just closed on my house at the end of June. Today I got a phone call from my buyers agent with a pre-offer for 30k more then I paid for the property. He has a client who is looking to get into a property with little to no fixup asap. My house is one of the only ones in the area that fits that billet within their price tag. I&#039;d like to take them up on this. It fits right into my plan and would allow me to purchase another personal residence.<br /> <br /> -Question is, since I just bought the property with a traditional 30 year fixed, will selling immediately hurt my chances to get another loan soon? I would try for another VA loan. I have heard banks frown on this practice, but I have not seen concrete evidence of this.<br /> <br /> -I know the gain would be taxed like regular income, is there anyway to 1031 (or similar)this on a personal residence? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote></div>

 

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[biophase]

<div class="bbWrapper">This does not meet the 2 year capital gain exemption rule because of his situation In cases where he lives in the home less than 2 years, the tax exemption is prorated. In his case it could be 3 out of 24/months X $250,000 = $31,250. However, to qualify for this he must demonstrate some type of hardship that caused him to move. Getting an extra $30k doesn&#039;t qualify. LOL<br /> <br /> This also cannot be 1031&#039;d into another property because it is his primary residence. Now, if you did not move into the home yet and tried to rent it out and then got an offer you couldn&#039;t refuse it could be possibly 1031&#039;d.<br /> <br /> Regarding the loan, paying it off early only pisses off the lender and can get your mortgage broker in trouble. But if you don&#039;t care about this, who cares then. I&#039;ve paid off a couple loans before the first payment was due!<br /> <br /> What is the price range of this home? I assume that you are NOT paying realtor commissions? The buyer is correct?</div>

 

[Bilgefisher]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="biophase" data-source="post: 57007" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=57007" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-57007">biophase said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> This does not meet the 2 year capital gain exemption rule because of his situation In cases where he lives in the home less than 2 years, the tax exemption is prorated. In his case it could be 3 out of 24/months X $250,000 = $31,250. However, to qualify for this he must demonstrate some type of hardship that caused him to move. Getting an extra $30k doesn&#039;t qualify. LOL<br /> <br /> What is the price range of this home? I assume that you are NOT paying realtor commissions? The buyer is correct? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I believe you are right. I don&#039;t qualify for the exemption. The commission will be 3% for a transaction agent. I will push for the buyer to pay these. One important thing here for me, I&#039;m not a desperate seller, but they appear to be desperate buyers.<br /> <br /> Thinking out loud here, my pros and cons list.<br /> I purchased the home for 90k, the preliminary offer was 120k.<br /> -I assume I lose 10k off the top for taxes.<br /> -I&#039;ll have to put in 1k-2k of repairs of little things I noticed since Ive moved in.<br /> -and will need 5-10k for the next purchase.<br /> -I doubt I&#039;ll find another gem like this one, so assume 10k in repair over an extended period of time on the next purchase.<br /> -If I get into another property with as much equity, I have 10k extra in my pocket while sitting in the same situation I am in now.<br /> <br /> -As the foreclosures start to dry up next year the house should return to a stable value of around 135k. <br /> -Within 3 years It should return to its 2004 value of 155k.<br /> -Within 7 years with the projected light rail completion, Fitzsimmons medical campus completion, Colfax redevelopment, and Stapleton redevelopment the property will sit near the high 100&#039;s low 200&#039;s.<br /> <br /> I&#039;m going to give the go ahead, but I still have items to think about.</div>

 

[biophase]

<div class="bbWrapper">There is no way that I would pay a realtor commission when a realtor is coming to me to ask me to sell my home. I wouldn&#039;t do the $1k-$2k repairs either.<br /> <br /> You also have to remember that you will pay title fees, new mortgage fees, etc... So you need to really figure out your net gain after taxes and see if its really worth it.<br /> <br /> If its not worth it, then just increase your asking price until it is. If they don&#039;t like it, they won&#039;t buy it and you get to stay.</div>

 

[phlgirl]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="biophase" data-source="post: 57007" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=57007" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-57007">biophase said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> This does not meet the 2 year capital gain exemption rule because of his situation In cases where he lives in the home less than 2 years, the tax exemption is prorated. In his case it could be 3 out of 24/months X $250,000 = $31,250. However, to qualify for this he must demonstrate some type of hardship that caused him to move. Getting an extra $30k doesn&#039;t qualify. LOL </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote> <br /> Ansolutely right. Thanks, Bio. It is all coming back to me. When I used the job relocation, it was pro-rated. So, at the most (if there were a reason for qualification), you would get a percentage of exemption.</div>

 

[rxcknrxll]

<div class="bbWrapper">Yeah you just moved into the sucker; no need to spend $1-2k on repairs. Let the buyer buy as-is, and the buyer absolutely should be prepared to pay the Realtor fee, either directly or through increased sales price. I don&#039;t know your market, but watch the sales price increase though. Appraisers are pretty skittish in a lot of areas, and this deal may not appraise if there haven&#039;t been significant improvements. Just playing devil&#039;s advocate.</div>

 

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[sam123]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="Kung Fu Steve" data-source="post: 56959" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=56959" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-56959">Kung Fu Steve said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I think the rule is 2 years (at least here in Minnesota)<br /> <br /> And I don&#039;t believe you can 1031 your personal residence. I&#039;m sure this is some sort of loophole though, ask a tax accountant. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I also think so.</div>

 

[Bilgefisher]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="rxcknrxll" data-source="post: 57076" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=57076" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-57076">rxcknrxll said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Yeah you just moved into the sucker; no need to spend $1-2k on repairs. Let the buyer buy as-is, and the buyer absolutely should be prepared to pay the Realtor fee, either directly or through increased sales price. I don&#039;t know your market, but watch the sales price increase though. Appraisers are pretty skittish in a lot of areas, and this deal may not appraise if there haven&#039;t been significant improvements. Just playing devil&#039;s advocate. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I agree with the Realtor fee. I probably shouldn&#039;t pay that. On the fixup items they were things I couldn&#039;t in good conscience sell the property with.<br /> -First was faulty electrical in the utility room. It nearly burnt my house down last weekend. I have the melted down electrical outlet and scorch wall to prove it. Around $200-400 in repairs.<br /> -The 2nd would be the washer. The cold water line is plugged and does not flow. I have to run a garden hose in the house to do laundry. Its actually rather comical. That was dumped on me unknowingly I wouldn&#039;t do that to another person.<br /> <br /> Those are the only two items that I was going to fix.<br /> <br /> Its all for not at the moment though. The agent called me back and said the buyers are looking for a 2 bath house. Oh well, I would have been happy either way. Again I wasn&#039;t a desperate seller. I did tell the agent to keep me in mind if any other of his clients are looking for this style home. I&#039;m always willing to sell for the right price.<br /> <br /> I do want to thank everyone for the input in this thread. I will be able to use it down the road if this comes up again.</div>

 

[rxcknrxll]

<div class="bbWrapper">$30k sounds like quite a windfall to just fall in your lap, but when you add in some repairs, fees and taxes, and then take into account that you&#039;d have to move...your head sounds like it&#039;s in the right place though...lookin out for opportunities and being open to them.</div>