Hi Duane, my firm offers a Premier-approval product and can fund multiple deals at a time. 

I see this all the time.1.

Especially during this time of challenging inventory issues...

If the HELOC rate gets out of hand, then go to the bank at that time.

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.

Anyone contemplating the types of services some of these providers offer (sometimes into the tens of thousands of dollars) should first be able to articulate why the services are needed and how they will benefit from them.

🫣This doesn’t answer your question directly, but the whole concept is very close to the old time “rooming house”.  

Your best investment will be your first one.  

@Craig Holland Land is often sold with owner financing, in part because buyers have a hard time financing it, and in part because buyers often only need a short time before they can build on the land and refinance out of the seller loan. 

We discussed this in an earlier post.Obviously, if loans are being made without any provision in the Operating Agreement, it’s time to get in touch with your State Securities Protection Division - usually a part of the State Attorney General Consumer Protection Agency.