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Message: [QUOTE="jleves, post: 2702696, member: 757"] So let's not call each other names. I wasn't suggesting that he could get 250k equity in his first home in 2-3 years. I was suggesting that sweat equity in a crumby house in a great neighborhood he could/should get some profit that he could parlay into the next house. Even if it's 50,000 as a result of a lot of work, that means he can move up to a 350,000 house after his initial 300,000 house and that 50k is free and clear of taxes. Take the 350k crumby house in a great neighborhood and with more sweat equity and hopefully rising prices, he might get 100k or so in 5 years and then keep doing that to the point that hopefully after 4 flips or so in 20 years, he could get actually see 250k. The point is get a crappy house in a great neighborhood which you can handle the updates and over time you can actually see a significant gain. [/QUOTE]