In that case, you’re living for $2,000 a month—while building equity in the home, benefiting from potential appreciation, and taking advantage of valuable tax write-offs!

We do long-term rentals and practice BRRRR on every deal. 

Look for properties with high cash flow potential, good condition, and room for improvement, such as value-add opportunities.

The more that you talk the more potential buyers see what they are dealing with.Lori you purchased a property that was occupied.

Hey Everyone,I have a potential investor I've been working with that is planning to use investors edge for their loan.

Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck 

I just worry - - about such a property going dark because they are in less than desirable spots so it's not like they'll be a line of potential tenants the next day.    

So we don't even have an approved inspection much less a lease with this potential tenant.

If I had to wait on the seller to do this, it would drag out my closings for months, potentially.

and others that i did not care for their business practice .. but if i wanted to enter the pay to play business I think it would be worth the 20k a year to network with those dudes.. but not my bag