A 24x24 shell with no heat or insulation and 15 amp power can rent for $600 a month.

Financial freedom goes beyond simply replacing your current income; it's about sustaining your lifestyle for life.

I began educating myself and exploring ways to achieve financial freedom as soon as possible, which led me to real estate investing.

If you can find people that are that stupid, to be a co-signor on anything, more power to you.

With $175k, their buying power is now only $875,000 with 20% down.($175,000 / 20% = $875,000)Of course, the buyer can put less than 20% down and pay private mortgage insurance, but let’s say they really want to put 20% down.As a seller, you have now reduced the pool of buyers who can pay $1M for your home since the buyer needs to save more money to reach a $1M purchase price.So, would you rather make $875k and “save” money on commission, or make $975k and just pay their agent?

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

It's a powerful and user-friendly tool that has made a huge difference for me.

The goal is to achieve and maintain financial freedom.

Pooling resources with others is one way to increase your buying power (and potential returns) and is something I am seeing more and more of in my day to day given the mutual tax benefits that can be shared and the high price to entry for housing rn. 

It's an incredibly powerful form of leverage.