The biggest lump sum I received was for selling a house we had purchased as a hud repo. After fixing it up, we got a nice profit, plus we didn't have to pay cap

The biggest lump sum I received was for selling a house we had purchased as a hud repo. After fixing it up, we got a nice profit, plus we didn't have to pay capital gains taxes on the profit since we had used it as our primary residence for enough years. I believe I know more people who make good, consistent money from on-the-side real-estate transactions than people who make 5-figure yearly bonuses.