The property sits on 5 acres, and after a successful first year with cash flow, I’m exploring ways to expand.Initially, I considered building another home on the property to use as a second STR.

.• How to think creatively about building wealth.Once at the property, the kids explored, asked questions, and saw firsthand how opportunities are created through smart investing.Involving children in real estate teaches them:• Financial literacy in a hands-on way.• Entrepreneurial thinking and problem-solving skills.• The confidence to believe they can achieve financial independence.It’s amazing how small moments like these can inspire the next generation to think bigger and dream bolder.How are you involving your family in your real estate journey?

Quote from @Taylor Kendrick: Quote from @Chris Seveney: Quote from @Taylor Kendrick: Hi there,I came across a section on appurtenances in my RE course and wanted to explore a hypothetical.

Always formalize the agreement in writing to define costs, profits, and contingencies clearly.Let me know if you need help structuring the deal or exploring funding options.Best,Drago

Probably wiser to deploy just a bit more ($1.2 mm - $1.3 mm) and try and get a 3 or 4 unit property via FHA.Jersey City is very hot right now and certainly worth exploring, but have you also considered Brooklyn, Queens or the Bronx? 

It’s always exciting to explore other booming markets and see what makes them stand out.Happy to connect and chat more about this!

Having a cashflow breakeven property with a loss for tax purposes can have some tax benefits that you should consider exploring. ...

This would help us benchmark and explore simpler alternatives while understanding how complex the structure mentioned above truly is.I assume they are not actively managing their business?

Congrats on exploring a seller finance deal—exciting step!

Discuss this with the lender before proceeding.Partnership or Joint Venture:Structure the purchase with a partner or entity while maintaining the assumption in your name.This allows you to benefit from the entity's structure while complying with VA loan rules.Entity-Owned Financing:If assuming the VA loan isn’t feasible, explore refinancing into a non-VA loan owned by your entity after the property is acquired.4.