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Hi Kevin In my time I have purchased 2 properties where the price I payed was less than the vendors purchase price. In both these cases the property was not held through a boom as we are experiencing right now. The first one was purchase by the vendor 4 years ago having been newly built...

I don't agree with the $60k profit as through this method this is just simply forced savings and worse you payed a $80k loan to obtain the $60k so no matter what you have lost $20k over time. Having said that I agree that the probability of that scenario is low as long as you keep the...