@Denise Evans should have some great insight on this.And, maybe shed some light on the anti-squatter legislation that governor mee-maw signed a while back.

Hey everyone thanks for your insights.

Any information or insight is appreciated thank you. 

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Thanks in advance for sharing your insights! 

I am also happy to share any insight on BRRRR strategy.  

Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.

I understand there are some other factors I glossed over like gaining the approval of the first seller to switch collateral and the lien in second position, gaining approval of the second seller to put a second position lien below the big loan, and scheduling the sale of the first property to coincide with the purchase of the second property.

Im here to network, share insights, and connect with like-minded individuals.

Happy to share insights or help however I can, no matter where you decide to invest, or tell you more about Chatt!