There are no tax deductions for such gifts, however you have a $15k per recipient annual gift limit that avoids the chore of filing a gift tax return.

Here are some tips to help you start on the right path:Education Is KeyInvest in yourself first by reading or listening to books and podcasts about real estate investing.

Here are some tips to keep your projects moving smoothly and scale up:Managing ContractorsControl Payments: Break the rehab into phases and pay contractors as they complete each phase.

It is why it was first on my top 5 of current risks.Feel free to DM me and I'll send you my 10 Tips for Wrap Mortgages along with a video from an attorney that knows this stuff.

Any tips for navigating the competition in such a hot market?

And if you're not already using the same paint color on all properties, you should start and you can thank me for this tip later.

Any advice, tips, or scripts for making the initial contact and navigating this process would be greatly appreciated!

Good pro tip is to not tell the tenants you're moving into next door that you're the owner but just affiliated with the property manager.

If you're in the market for an STR on the Oregon Coast (or really anywhere for that matter) here are some tips to be successful this year: - Know your market.

Assuming:40 hours: W2 job56 hours: Sleep21 hours: Basic daily tasks= 51 hours potential REI time💡 Pro Tip: It's not about finding time; it's about allocating the time you have strategically.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.