I am a bigger fan of equity so long as it still cash flows b/c I like 15 yr mortgages to get mine paid off, but my strategy is for a paid for portfolio and to simplify my life as I get older.  

Actually, my explanation isn't simplified at all.

Same example as above.Old property was originally purchased for $400K.Sold for $500K$100K net proceeds (assuming closing costs included to simplify the numbers)Using all $100K net proceeds, new property is purchased for $400K.Since I utilized the entire net proceeds of $100K into the new property, what would I be taxed on?

Hey BP,I'm having a hard time visualizing the taxable capital gains on the backside of owning a property.Here's an example to help simplify my question:What gets taxed when you sell a property?

This is probably way over simplified, but I take the ARV multiply by .80 then subtract rehab costs.  

If anyone can help simplify this for me, so maybe it will click in my brain ...

My question is, if I am the end buyer in the transaction and not representing anyone as a real estate agent, can I continue to use my simplified agreement?

We hear so much about good debt and bad debt from the financial gurus, but that's just a simplified picture.

The math should have indicated higher cashflow for the multi units since I was assuming cash payment of the 1.5M to simplify the scenario.Did I mentioned I shouldn't be posting these things at midnight?

He is 68yo and looking to downsize/simplify.