Congrats in advance on your purchase :)

From a financial standpoint, the key is to ensure you're purchasing properties at a price low enough to make rehab costs and refinance achievable.

A revocable living trust is another option for privacy and asset protection.Avoid gifting the property before death, as this would pass the original purchase price as the cost basis, creating a large capital gains tax liability upon sale.If the property is Subject A’s homestead, ensure the correct titling to maintain Florida’s homestead protection for Subject B.This post does not create a CPA-Client relationship.

The owner has purchased a property like any other real estate transaction, and they own the physical property. 

One purchased in 2023 and one in 2024, both were rehab projects.

Purchase price: $325,000 Cash invested: $50,000 This time I acquired a property that needed little to no work.

Quote from @David Cherkowsky: Quote from @Sasha Mohammed: Hi David,There are lenders that will allow you to purchase via a DSCR loan using STR income to qualify.

The knowledge gained from the podcast helped me purchase my first three investment properties, and a piece of land.

Assuming a 340k purchase price that would be 34,750 out of pocket.   

Purchase price: $2,500 Cash invested: $5,000 Single family House (2 stories), 3 bedrooms, 1 bath. 1100 sq ft. on Corner LotSingle car garage with 16' x 24' lean too.