That's less than half the price you were quoted.In this case, I think it would be worth moving grandma out and selling the trailer for $3,000.

Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

(And - full disclosure - I will be using a mail forwarding address also and only occasionally actually hosting meetings at that location... it's like a 'WeWork' space, I generally work from home and my managers are on-site at the parks...)To everyone's continued success, and due diligence,-jl-

If the property was already listed on the MLS, I'd push back on the price relative to the comps.

lol)Purchase Price: 115k, Rehab 150k, Total all in: 265kExpected Rent: $4,000/month to $4,400I hired a real estate investing coach to help us build out the budgets for these 11 doors. 

Securing funding has been challenging, particularly because my business documents reflect low revenue from only one duplex, and I am currently between jobs.I have identified a reasonably priced piece of land and have saved a small portion of the funds from my duplex sale to invest in this venture.

Purchase price: $161,000 Renovating now What made you interested in investing in this type of deal?

Looking forward to hearing from the pros on it.

What are your investment plans moving forward?

I think the SMS automatons alone for GHL are worth the price of admission.