If you refinance, for saay $400,000 value.

Bootstrap financing How did you add value to the deal?

However, if you inherit it through her estate, you receive a stepped-up basis to its fair market value at that time, reducing tax liability upon sale.Gifting it now has no immediate tax consequences unless its value exceeds the $18,000 annual gift tax exclusion (2024).

How did you add value to the deal?

Sure, its useful but they don't care about your value, 

This may provide low cash flow up front but it is a way of scaling if you are good at adding value and then trading up that value.

An approach that we use is to provide value to the homeowner - especially to distressed homeowners.   

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

How did you add value to the deal?

I want to create something that adds value to the industry, so I'm looking to build a solid foundation in this field.