Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.

If you sell, you could access the equity you’ve built and put it toward other investments or save for a future down payment.

My ultimate goal is to become successful with my real estate investments so I don’t have to rely so much on my job and be able to spend more time at home with my soon to be wife and future children.

Hello Mason.I am looking to invest in the Knoxville area in the near future and would be interested in any recommendations you may have. 

I was going to add, as posted above, it's a great rate and stick with that local credit union for the future business. 

I am a real estate agent trying to make new connections that is looking into property investing in the future. 

Quote from @Patrick McCann: Hi Justin, I'm also a househacker in NH currently living in my duplex in Dover, NH with plans to search for my next one in the near future.

I want to know if there is anything I can do right now that will help me in becoming a realtor in the future.

I know for the forseeable future I will be based in Quantico, Virginia but I am definitely open to out of state investing!

@Pixel Rogue everyone has different future plans - many though haven't thought that far ahead!