Local or out of state work if the deal is right. in fact, consider including the numbers for a property manager anyway.

Other strategies include gifting portions of the property to reduce the taxable estate or exploring more complex options like a Qualified Opportunity Fund or a Charitable Remainder Trust to defer or minimize taxes.

Purchase price: $137,000 Cash invested: $90,000 Sale price: $285,000 This was a single family home in Bates Hendricks.

After years of focusing on my career and building financial stability, I’m ready to dive into real estate investing and start creating passive income and long-term wealth.My short-term goal is to purchase my first duplex or single family rental. 

Double close: You do actually purchase a property and then sell it the same day to another buyer.

Including a self-canceling clause in the note ensures the balance is forgiven upon the parent’s death.

These estimated costs should then be reconciled back to actual costs or the purchase price.Have you had a cost segregation study performed?

You mentioned you haven't purchased an investment property before or been involved with seller financing transactions.

I found a house that I like to purchase in a great neighborhood and the exterior looks great for a 1922 stick built house.

Someone who can't save up for a new purchase every year but still has a lot of desire for growth in their area of expertise.