Since this will be our first long distance investment it feels like we're starting brand new and would love advice for first time long distance investors.

We are working on our first flip house and we didn't plan to do the BRRRR method, although it has come up in conversation multiple times due to the area it is in, we are still tossing the idea around of keeping it as a rental.

I would visit local meetups for real estate investing, and also network with agents in your area that work with a lot of investors.

I took the time to set it up and that property ended April 2024 at 100% occupancy. 

Hello,Long time lurker and consumer of real estate investing podcasts, books, and other information from BiggerPockets that just closed on my first investment property - a duplex house-hack.  

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.

Hi Kevin,It’s great that you're involving your son early in real estate investing!

Partner Driven provided 100% of the funding, including the $45,000 purchase price and $92,049 renovation budget.

Quote from @Austin Brummett: I wouldn't do anything right now except continue to save and learn, because you are likely moving soon.Lenders usually want to see two years of employment history, so you won't qualify for a loan any time soon.

We bought it as our personal home initially and then we started getting intrigued with real estate and air bnb If you bought it as your personal residence then I would assume you have a pretty good interest rate on the property with your loan.