He's an acquired taste but I've read many of his books and maybe I'm a fool, but I believe he is genuine in his commitment and drive for success.

It’s incredible what you can accomplish when you focus on creating value and solving problems in real estate.

Whether that collateral is a home, or car, or anything else of value that was pledged against the loan. 

For existing properties, you must make substantial improvements (equal to the property’s value, excluding land) within 30 months.Ensure the duplex qualifies as an OZ investment and complies with QOF rules.

If you’re saying the exact same thing to every seller, you’re probably missing opportunities to connect and provide real value.

How did you add value to the deal?

Hey Yianni, I would start with something either turnkey or light value-add, so you can start forming your team with less pressure and risk.

Understand the multi-family market, scale up portfolio efficiently, focus on value-add opportunities, build a reliable team, stay informed, and engage with the community for support.Good luck!

The property offered a balanced investment opportunity—enough to significantly enhance its value through renovations, yet manageable in scope and cost.

However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.