.: Does anyone have personal experience turning your property into a rent by the room with pad split?

Hi all, My relative wants to combine their $500K personal exemption & a 1031 exchange to liquidate their rental properties without paying taxes, but they are worried about missing the180-day time limits for the 1031 exchange, so they want to involve their son-in-law (SIL).

You should require the new person to apply, pass your screening, and sign the lease.

I purchase my personal investments to maximize their equity and hold long term.

For context, I am working on a passive investing platform with no cash-flow and emphasis on equity growth.

My wife and I plan to purchase a few properties ourselves, but with the lead generation strategies I’ll be implementing, I expect to come across more deals than we can personally handle.That’s where you come in!

It has shown nice equity growth although the cash flow is relatively low.

Quote from @Katie Holmes: I personally invest in Tulsa and love it! 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $172,000

Cash invested: $43,000

We purchased this rehabbed home and added a privacy fence, removed overhanging tree...

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $172,000

Cash invested: $43,000

We purchased this rehabbed home and added a privacy fence, removed overhanging tree...