I saw the potential to cash flow when the opportunity presented itself I jumped on it.

Choosing a solution like that means missing out on significant opportunities to free up your time for what you do best while also foregoing the expertise of a tax professional who could provide substantial benefits—potentially saving you thousands of dollars.

I recently acquired my first primary residence and am seeing ways I can best utilize the space for real estate investing. The property is a 3 bedroom, 2 bath (one of the rooms is the master with its bathroom and acces...

@Marko BukvaI'm not entirely clear on the plan and ownership, but there are potentially several different types of tax at play for a transaction like you're discussing - gift taxes, estate tax, income tax, property tax, documentary transfer tax, etc. 

I would love to find something that is has value add potential but not looking to full rehab.

It’s all about running the numbers and seeing what gives you the most flexibility and growth potential.

SO expect to pay a premium based on what the potential value of the building can be once maximized and stabilized.

Finding a potential lot won’t be hard but getting a local municipality to give you the green light to build an MHP is going to be next to impossible.

The remaining potential issue is their rental properties.

I'm considering tapping into the equity from either my primary residence or rental property to purchase another rental home that generates solid monthly cash flow.I'm open to investing out of state and have heard that areas like Ohio, Tennessee, Georgia, and North Carolina offer potential opportunities.