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.

Other considerations are the lost costs to sell and re-purchase other properties.

If your objective is to reduce your own tax burden, you are in essence confirming they have no valid AP claim.

(5 tenants are original tenants, having been in the homes since I purchased them 9-12 years ago when I was doing more buying.)My last purchase was a 1031 exchange in September of 23 for a new build. 

I’m new to real estate investing and hope to purchase my first property within the next year.

Quote from @Kyle Harris: I'm a new investor and looking to learn as much as I can this year and hopefully make a purchase on a multifamily unit by the end of 2025.

I started my real estate adventure by purchasing 2 single family houses in Oklahoma with 2 cousins, mistake #1.

For this report I used an FHA loan for example, so 3.5% of the purchase price.

Quote from @Tangie Pate: Has anyone purchased the Lee Arnold System and used his pre-trained virtual assistants? 

Purchase contract should show the entire legal as platted.