they took options on the dirt subject to plat approvals.. then marketed the property to builders.. why they need me is that these projects require 500k to 1 mil up front to get approvals and thats what we provide.. our return is high based on risk.

So it would be best for him to first understand how this would impact his taxes and estate planning then structure the sale based on that.

However, weighing your options and performing due diligence carefully based on your specific circumstances, the property's potential, and your long-term goals.

Minimum $100,000 rehab based on my 10 minutes of inspection, shingles missing, foundation problems, cracked tile in house, cracked drywall joints everywhere in the house, rotting deck in backyard etc....

I recommend finding a US-based bookkeeper who specializes in real estate and doesn't have too much on their plate.

I’ve been a member since November of 2024 and my review of Rent to Retirement was based on my experience purchasing a rental from out of state which went very well compared to other experiences I’ve had to go through.

Consider consulting a real estate attorney or CPA to determine the best strategy based on tax efficiency, future sale plans, and estate considerations.

Hi Todd, Dayton based here.

Quote from @Chris Brewer: View report*This link comes directly from our calculators, based on information input by the member who posted.Hey @Chris Brewer, welcome to the BP Forum!

That affects your loan amount and then principal & interest payment.2) Estimate rents based on recent rental comps3) Account for all operating expenses such as property taxes, insurance, repairs & maintenance (landscaping, snow removal, cleaning etc), property management (if applicable), vacancy, utilities (what does the tenant pay vs what you would pay?)