In the states that have that option, it may be better to deed the property with an enhanced life estate (Lady Bird deed) so the property will be automatically transferred only at time of death to the living trust.As a side note, if you are concerned about estate taxes, there are some options available to mitigate them with the use of some other kind of trusts that could be crafted for your specific situation.

Of course, the role of the QI has evolved with some of them enhancing your 1031 exchange experience and outcome in infinite ways - as outlined by @Michael Skoczylas, @Bill Exeter, and @Dave Foster.

Im 21 year old and planning to get accountancy job to enhance my accounting abilities and start as a side job investing in passive income (what do you think about this strategy for raising money - form accounting job); I chose student niche to attack; Please help me figure out something - if i get small multifamily house with conventional loan - 4 units to rent out - how can increase my portfolio for the following years?

Im 21 year old and planning to get accountancy job to enhance my accounting abilities and start as a side job investing in passive income (what do you think about this strategy for raising money - form accounting job); I chose student niche to attack; Please help me figure out something - if i get small multifamily house with conventional loan - 4 units to rent out - how can increase my portfolio for the following years?

Couple likely use some inexpensive pavers as a border on either side thus enhancing curb appeal and widening it.

@Adriel Hsu continues to do a great job managing this project for me.Plumbing for garage apartment completed: (Washer and dryer box, new tub installed, fridge water line installed, dishwasher connections setup)5 of the new windows for the house installed (Other 6 are special order and 2-3 weeks out)Electrical re-wire of main house completed and passed rough-in inspectionCompleted all the exterior siding repairsInstalled new wall insulation on parts that needed itHung all sheetrock in both the main house and garage apartmentUpcoming: Walls floated, taped and textured.

The free course is a good place to start.I'm happy to be a resource if you have any specific questions as you go along.Also, check out my member blog for tips to enhance your business.

I would make the stairwell heated as that will enhance the structure as well as count towards the overall square footage.

Getting a CAGR of 7% on the underlying property itself would seem to require an asset that was bought well below market and / or something that was fixed up and enhanced with ancillary services.

Depends on the politics of the HOA, how diligent they are and if the municipality is short of funds and looking for violations like these to "teach a lesson" and enhance their revenues at the same time.I bought a duplex at a foreclosure auction where the owner built an illegal unit in the basement.