I think asset prices will continue to grow, areas where millennials can buy affordable real estate will be where I'm setting my sights on.  

Last thing to consider is if you are buying a new home, will you want to do 100% financing and will you have the remaining bonus entitlement to do so.

Please feel free to reach out to me and my team if you would like to come up with a game plan and build your buy box. 

Could happen but very rare. #4 See everything you plan to buy in person. 

Simply gifting him half the property now wouldn’t immediately allow him to claim the exclusion without fulfilling this residency requirement, I don't believe.One thought would be to use a HELOC to pull just enough equity out of the current home and use it to buy a smaller home, or at least the down payment.

This works with any type of appreciating property such as real estate, stocks, etcDepending on the appreciation rate, you can potentially see asset values double every 7-14 years.Likely around 7 years if the appreciation rate is 8%Likely around 14 years if the appreciation rate is 4%If you buy something for $100,000 and it appreciates to $200,000, you can potentially take a loan on the $100,000 appreciation which would not be considered a taxable event.However, be mindful that you are paying interest on the loan and you have to payback the loan but yes, it would not add on to your taxable income.

Unless you've done substantial improvements to the building or used a large down payment when buying, it's unlikely this will work.Perhaps your best move is to find a new primary residence that is 2-4 units and repeat the process.

If the other two parties want to flip a house maybe they can do just that as partners and then sell you the house which you can buy with a primary home loan with low down payment.

While I am normally in the do-not-sell camp, in this case it might just sell and buy at the new location.

Would also love to connect with experienced Cleveland rental investors.Much Thanks Cleveland is one of the few markets in the USA where buying stuff with the 2% rule is still feasible in 2023.