(Anything that isn’t your primwry first is only tax free on a pro-rated basis.)I don’t know how you could swing it but…If they gifted you the kand they would avoid their capital gains tax.

Hi, I am on my first flip, live in WA state found a partner in Ohaio, the rehab is in OH.

Is there debt on the property or are you doing all cash?

So loan it is.A few thoughts/questions on my mind that I hope to learn as I continue my real estate journey:1.

I don't want to violate any of the self-promotion rules on this thread by specifically linking or name-dropping, but it's from a data analytics platform I am working on specifically built for tracking construction, debt, and ownership activity in the Philadelphia region.I will be posting more detailed insights soon. 

I specialize on STRs in the Tampa FL area.  

Because on average, we can only remember three things at a time.

@Pranita Maldikar Unless the seller is a family member or personal friend, I'm not sure why you'd want to put that much money down on the property.

And indeed they do this all the time.I would get your own accountant's temperature on this first.   

Once you identify a realtor you want to use make sure you have a long conversation with them to break down exactly what you are looking for in your first REI.My advice is do lots of research on every property and make sure you identify its current market for both rents and value.