Purchase price: $415,000 Cash invested: $90,000 MY FIRST RENTAL PROPERTY !!

Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .

I plan to purchase a primary residence, multi-family home (2-5 units, 'house-hack'). 

What the IRS is concerned with is when you are doing a 1031 and want to purchase a property from a related party. 

Quote from @Daniel Green: Hey everyone,  I'm Dan, 35 here, I'll be able to make my first purchase in summer '26.

The tax is based on selling price minus purchased price.

You could also purchase below market value. 

Quote from @Parker Bullard: I'm looking to purchase my first investment property and need help figuring out a strategy that will work for me.

Consult with an attorney to provide a purchase and sale agreement in your respective state with an assignment exhibit included. 

Great questions - a lot of our borrowers will tap the equity using a refinance in order to purchase their next investment property.Feel free to give me a shout anytime, happy to help!