Rents in the area are strong, do you think it makes sense as a rental, or would you go all-in on the flip? 

And no; if you own 50% and your friend owns 50% he qualifies for exclusion on 50% of the sale. 

Seeking feedback about the Momentum 2025 Virtual Investing Summit.
Have you attended a past summit?
Do you recommend it?
Is it mainly a sales pitch or is there good knowledge that you cannot find elsewhere?
It loo...

Turn on any home renovation show, and you’ll see investors turning run-down properties into stunning dream homes—selling them for a hefty profit.

You can't take any deduction on your tax return or claim any depreciation on a property owned by the IRA, just like you can't take deduction or depreciation on a property I own.

That's why we require clients to spend a couple days with us in Milwaukee up front, so we can get on the same page and determine an asset quality.Hint: the hood looks much better on a spreadsheet than up close in person.

On the other hand, tenants tend to cause damages when moving these appliances in/out, so having them in place may be safer.I recommend you look at what others are doing in your community and price point.

Why ask: Learning how your mentor handled failures or setbacks will help you gain perspective on the full spectrum of risks and challenges in the field.

I’m focusing on the BRRRLO strategy.

We tried, but you’re on your own with this Mr.