I’ve heard that donating property could come with some pretty nice tax perks, but I’m also curious about potential pitfalls or surprises.So, if you've gone down this path, I’d love to hear from you!

Specifically, I'm looking for insights on:Finding a reliable hard money lender who can finance the entire purchase and rehab costs.Strategies to present this deal to the lender to increase the chances of approval.Any potential pitfalls or things to watch out for in the BRRRR process, especially given the foreclosure status of the property.Tips on managing the rehab while tenants are already in place.Thank you in advance for your help!

Partnering with specialized real estate attorneys can also provide invaluable legal guidance, helping you navigate the complexities of foreclosure laws, title issues, and potential legal pitfalls.

Potential pitfalls?

Are there any hidden pitfalls or unexpected benefits I might have missed?

The goal is to avoid mistakes and pitfalls that many people find themselves stuck in too late.

Even at that I do face economic challenges and pitfalls, I am not protected against future rate changes.It can be done, but it’s definitely not as “easy” or as simply lucrative as many guru’s teach.

It is fraught with pitfalls that can really make it hard.

This can work, but there is a potential pitfall: assumptions.NOTE: I am not an attorney or business advisor.

The student expects results but does little to no marketing, does little to no online research to fully understand strategies, potential pitfalls, contract and contract law, title, etc...they just wait to get rich.