Purchase price: $8,000 Cash invested: $20,000 In 2013, I put my knowledge into action by purchasing a two-bedroom home for $8,000 as a home for my mother, though she wasn’t thrilled about it.

I also have 401k with 4,500 which I estimate will be 7,000 by the end of the year.Fund 1: 24kFund 2: 180k401k: 7k Right now, I am a renter that pays 900 per month, with a stay at home wife with a child on the way.

They have a bigger single family home and a tiny home on the property, but there close proximity and shared driveway present functional problems that are undesirable for guests. 

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.

Something like practicing math homework at home, but with a focus on real estate instead.My pleasure, man.

In addition to interest and repairs, you can deduct off a 27 year depreciation on the home. 

I understand it become tad difficult to refinance since some lenders wouldn't lend on the home in trust, but is it easy to sell a home in a trust, just like you are buying in a trust?

There is a single family home in front, and in back there is a guest house/loft above a garage.

Do you have any equity in you existing home (if you own it) so you can leverage a HELOC to use as an emergency fund?