Tribes might even provide additional incentives, like grants or infrastructure funding, to encourage investment.

I've done a few deals where the bank offered purchase + rehab funding up to 75% ARV, and then it converts automatically to a normal mortgage loan at the end of the rehab. 

@Edgar Duarte Selling now under the primary residence exclusion avoids capital gains taxes, allowing you to reinvest the $500K equity in diversified assets like index funds or additional rental properties.

Most out of state investors are better off just acting as private lenders, buying low cost index funds or keeping their money in HYSAs.

Purpose of the fund: To purchase old land, rezone, demolish, and rebuild homes to sell at a profit.

If a prop is 250k and you can refi at 70% LTV you want to get it at 175k minus rehab costs.

Some private lenders will step in and fund.

Set aside a very substantial legal defense fund if you decide to do these. 

But if your goal is to build a business as an agent that will fund your investments, that is great too - but both will take a lot of time and a lot of patience.

Now, Kiavi is telling me I need to bring $20,000 to the closing table** to make this work because they’re lending at 70% LTV.