We learned a lot from this project.Looking back, if I knew then what I know now, I would have handled it differently.

Wishing you luck as you learn and grow in this industry!

In short, securing an STR permit isn’t easy unless you fulfill all the township’s requirements

You are in the right place to connect and learn as you go! 

Currently I am working in partnership on a luxury Air Bnb property in the Philippines to familiarize myself in short-term rentals.I live in Cerritos, CA and am looking to invest into a multi-family home to house-hack in Orange County, CA to get started.I will need a residential agent and possibly a contractor.I look forward to learning and hopefully working with you all!

Hi I’m Derek I’m new to BP. As a Canadian looking to invest in the states I’m wondering if there is any like minded Canadians in here who would be willing to chat! 

I just want to be involved and learn more so I could achieve more eventually.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

Can you do contracting work on properties and learn valuable skills that will help you remodel properties, flip them, or otherwise learn as much as possible about the construction trade? 

Simply gifting him half the property now wouldn’t immediately allow him to claim the exclusion without fulfilling this residency requirement, I don't believe.One thought would be to use a HELOC to pull just enough equity out of the current home and use it to buy a smaller home, or at least the down payment.