Still trying to get through some sales to generate cash.

He can spend the next few years-ish getting a finance degree through an online school while working part time, but he just got offered a full time position helping with sales for a local wholesale real estate company. 

You could create an operating agreement granting one of you the powers - but it is a fair amount of energy/time/activity for someone to manage and find deals.

When you go to sell, you're subject to tax on the amount of profit between your adjusted basis and sale price, not your purchase vs sale price.Recapture is not repaying the depreciation.

BUT I have also heard that it could trigger a due on sales clause, bringing the note fully due at any moment.

Sales Tax Breaks: Construction materials and services may be subject to lower tribal sales taxes—or exempt altogether.4.

it is the most powerful way to get started in investing, period, full stop.hope this helps

.- Negotiated sales price $3.2 (seller financed)- 30% DP @ 7% / 20rs.

DR Horton in Vegas absolutely will not give you a discount on the “sales price”.

Quote from @Paul Lucenti: We just closed on our 9th deal and first of 2025 - sales price was $115,000 and total monthly cost is $890.