Unfortunately, this reassessment is unavoidable, so you’ll need to evaluate whether transferring the property is worth the potential tax increase.If a Transfer Is Not Feasible:If the potential property tax increase makes the transfer impractical, an alternative option is for your father-in-law to secure a Home Equity Line of Credit (HELOC) on the property.

It's worth about 500k in equity.

Use your equity without a bank  to get your next deal done. 

I make around $110k+ per year, live off around $75K, have a mortgage ($1900/mo for rent, escrow, tax), around $40K in equity, and no other debt. 

@Sean DillonAt 18, you're in a prime position to start building wealth with low expenses and plenty of time to scale.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $417,500

Cash invested: $37,575

Technically a single family by zoning, though set-up to be a duplex, with 3 ...

My extended family has done very well (10s of millions of dollars in equity growth over the years) with real estate in that area. 

You pay $150,000 down and borrow $1.35 million from the second seller in a first position lien.

Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont? 

Hello all,
I have owned my primary residence for 3 years. I have renovated with contractors and some DIY. All together around 80k worth of money invested. Looking to get that cash back as soon as possible to use it t...