For your next step, you might want to look into seller carry arrangements and joint ventures.

However, if your father inherits and later transfers the home, it should qualify for a step-up in basis to fair market value, reducing future tax liability.If the goal is to tap into equity, having the trust take out a HELOC may be a better option, avoiding California Prop 19 reassessment, which could raise property taxes significantly.

Real estate investing is all about learning, networking, and taking that first step when the time is right.What strategies or markets are you currently researching?

Your input is truly guiding my next steps, and I’m grateful for the direction you’ve provided!

I'll second notion or another living wiki-type platform if it's just notes you're after, or if you're looking for something more task-oriented, Asana features project pages and other functions that track data and next steps.

Fix-and-flips or fix-and-rents are awesome next steps, but they’re hands-on—perfect if you’ve got the time, less so if the online business or dad duties ramp up.An Alternative Pitch: Here’s where I’d love to throw something your way.

We handle this all the time it's not difficult, just an extra step. 

I started listening to the podcast and reading real estate books about two months ago, and I’m excited to take my first step into real estate investing.I’m currently in Spokane, WA, and I’m pre-approved for a loan.

The first and most important step is to post the 10 day demand for rent letter to get the clock started.

There are several steps before evaluating deals, but you may have done them.