Purchase price: $160,000 Cash invested: $40,000 Sale price: $268,000 I bought my first house in Kalispell Montana as a long term investment and possibly a rental.

Hi David, If building long-term equity and scaling quickly are priorities, then option 2 aligns better for you. 

We generally advise our clients to go ahead and pay the recapture rates if death is the alternative.The good news about recapture - the deductions are a deferred tax liability to you, and an interest free loan from the government.

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

I am a long-term investor with a buy and hold property in Brooklyn, NY and I also own multiple lands in Florida and Mississippi.

After all, you have no evidence they agreed to pay rent or any of the other terms.

@Robert EllisAre you leveraging construction-to-permanent loans or private funding?

You can talk to the bank about a loan; however, my bet is they will want some form of contract and scope of work and will only pay him at set milestones.

That term is generally used when zoning has change, such that it if the structure were destroyed, it could not be built back. 

I just did this with a 4/3 new build out in Cape Coral and a construction to perm loan through the bank.