The property value on this date was $240,000.• Person C is still alive and will be selling the real property today for $290,000 with an expected net profit of $235,000.Overview of Ownership and Basis Calculation1.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Hoping to partner with an investor and give up a large portion of ownership or transfer title to their LLC to successfully refinance and avoid any legal consequences.

If you have title and ownership, you should be selling on the market to find more investors, not off-market. 

@David WillisReviewing the ChatGPT response above - if you go with a bridge lender they would probably want to refinance out your other portfolio to be in first position on those assets - I don’t know of any bridge lender that would go into 2nd on all of them unless it was more of a mezzanine lender against the company but if it went bad they step in and would take everything (literally) as mezzanine debt takes ownership and control of the company.

If you're interested in diversifying and don’t mind the operational side of business ownership, acquisitions could be a lucrative addition.

Active ownership takes time, patience, capital, knowledge, and comfortability with more liability.

How would the timing of a sale effect a prospective asking price assuming the tenant would expect a rent increase under new ownership?

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

The intent of FHA was to promote primary residence home ownership not investing portfolio building so they put this rule into place.100 Mile rule basically says that you cannot use rental income offset from a lease agreement on your current house to help you qualify for the next property when using FHA loan to qualify.How do you get around this?