With $175k, their buying power is now only $875,000 with 20% down.($175,000 / 20% = $875,000)Of course, the buyer can put less than 20% down and pay private mortgage insurance, but let’s say they really want to put 20% down.As a seller, you have now reduced the pool of buyers who can pay $1M for your home since the buyer needs to save more money to reach a $1M purchase price.So, would you rather make $875k and “save” money on commission, or make $975k and just pay their agent?

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

It's a powerful and user-friendly tool that has made a huge difference for me.

Setting up a team (cleaning crew, handymen) early on will help you balance your workload and minimize stress.

That was cleaned up.

If I'm paying those prices, I want someone to bring me a drink and clean my dishes.

Every turnover will cost you money due to vacancy, Plus you run the risk of additional losses from unpaid rent, cleaning, and repairs.

The Town must be notified within 24 hours of any change in contact information.”Question --> If we work with a local cleaning person who can act as the point of contact for the Town and be responsible for maintaining the house, would I still need to contract with a management company?

Last month, while someone was cleaning out our property in the Auburn Gresham neighborhood, the place was broken into.

Pooling resources with others is one way to increase your buying power (and potential returns) and is something I am seeing more and more of in my day to day given the mutual tax benefits that can be shared and the high price to entry for housing rn.