Challenges?

Being in an RV has it's challenges but we're definitely enjoying the change from norm.

Hello,  Has anybody done  bootcamp  “90 Day Challenge to Buy Your First Rental Property”  or “Rentals made easy”  by Jessie Lang,  would really appreciate if you could please share your experience, I could not find any reviews/feedback  online. thank you.

Good idea on the Trust as that will avoid probate (required even if there is a will) and your father can control who gets what via the Trust.Your challenge is what happens if you do all the work to turn the portfolio around and then your father sells it, gives you less than you think you deserve or leaves it to someone else?

Hello Ayoka, You can deduct certain expenses related to the rehab of the property, but how you deduct them depends on the nature of the expenses.

However, if you are pursuing Short-Term Rentals (STRs), each partner must qualify individually for "material participation," which can be more challenging when there is a partner.

When it comes to acquiring lucrative coastal luxury vacation rentals on the Oregon Coast the most challenging components can be permitting and timing. 

Challenges?

It's only natural that us young investors want that same gratification in real estate (at least I do).

Small Claims Court is also good, pro is you get an enforceable judgement so if anything is unclear such as damages amount that will be determined, cons are time and expense involved and once you win the big challenge is enforcing the order.