(The property’s home state and your state of tax residence will both want money if they collect income tax.)If the property is only in his name you avoid all the taxes by waiting until his death to give your daughter the property.

I am currently not making much income however next year I will be making 70,000 and it will grow from there.

I see dozens of AirBnB rent roles for active listings monthly and on average, a well run STR rental generates roughly 10%+ of the properties valuation in gross annual income.

Hey Ashley,Section 8 provides a subsidy to low-income tenants to help cover their rent, with the amount varying based on factors like local housing costs and tenant income.

I purchased them with the idea of having retirement income in about 9 years. 

Great tenant, really sad we still live in this era.The third tenant was an older lady whose only income was limited social security, but she had some savings.

LLC's & US based bank account are typically needed for foreign investors with most DSCR lenders.Happy to chat further!

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

Please tell me what you did to scale up enough to have enough passive income to live in Europe for 6 months every year. 

The value of property and the rental income it generates typically rise with inflation, protecting your wealth.