I’ve done my calculations and have seen that I will be breaking even with this investment day one.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

What worked for him.. and could work for you.. is taking a calculated approach by "house hacking."

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Are you trying to hand your “friend” a 50% taxable gain that you’re going to keep?

In theory you could get a hold put on your taxable valuation at 250k for a few more years.

You have your selling price, minus all selling costs, minus your purchase price, that’s your taxable gain.

So for every million dollar in equity you'll get about $60,000 in net cash flow.Play around with a BP calculator, plug in a million worth of RE with 20% down and see what happens over time.

View report*This link comes directly from our calculators, based on information input by the member who posted.I’m considering purchasing two investment condos to help pay for my children’s college tuition in 13 to 15 years.

Utilize tools like BiggerPockets for resources and calculators, and consider creating a simple spreadsheet to track property details, budgets, and timelines.