I’ve been seeing some real opportunities coming to the Multi Family Market, but the best deals seem to be moving quietly, before they even hit the market.Curious—what’s your approach this time around?

I guess had there been time I could have done it to assure it would be a deductible on SchE rather than a closing (basis) side of the house.Thx!

He learned a lot about what to do himself, what jobs to hire someone for, and just how long it can take when you are by yourself.

Exciting times ahead, @Joshua Kavadi!

With the market at all time highs and reality far from what the market is…..why not tap into our TSP?

A quick formula you can use is your estimated purchase price times .0134. 

While gifts exceeding $18K per year (2024) require filing Form 709, they don't create an immediate tax, but the IRS may scrutinize this as tax avoidance.Tax-Saving Alternatives:Prorated Section 121 Exclusion – If you lived in the home part-time, you may qualify for partial tax exemption.1031 Exchange – If your share was an investment property, reinvesting the proceeds defers capital gains.Installment Sale – Spreading payments over time may reduce your tax bracket.Adjusted Basis Review – Factor in capital improvements and selling costs to lower taxable gains.This post does not create a CPA-Client relationship.

IE they just work in the NPN space and try to work the notes and ending up owning probably happens maybe not the majority of the time but quite often..

Quote from @Julian Thomas: Quote from @Wale Lawal: @Julian ThomasYou're in an amazing position by thinking about real estate this early, and with a full-ride scholarship, college is a no-brainer—it gives you time to learn, network, and build capital without debt.

OK now imagine you did it 10 times in a row and all 10 times it landed on "heads".