I share this not to discourage you from embarking on this project with you as a manager, but I flip homes and have seen for myself the incredible savings in time and money that can be activated when you have the right person overseeing the project and who has the relationships with the subs that can make sure to push them and hold them accountable.

Definitely a good idea to chat with a tax pro who gets the real estate game to make sure you’re set up right.

Specifically, I am focused on wholesaling as a way to build enough capital to start investing in SFR/multifamily with a buy and hold strategy.

I personally prefer when investors have some skin in the game.

If you choose to buy a residence first I would try to hold out for at least a duplex.

My goal is to build a portfolio to hold and maintain for the long-term.

There are high risk processors but they will charge a 5% transaction fee and hold back 25% of your gross processing for six months to cover chargebacks.You havve options.

If you want to be in the STR game turn your property in to an STR.

Q3) If it's a loan from our parents that we are paying off, who holds the title to the home?

.), and then hold onto it.