Another version of this is to buy a house on a really large lot and split the lot to create a house on a smaller lot and a seperate lot that somebody could build a second house on.   

Private Lending Attorney Here-First it depends if the person lending the money will be doing this on an ongoing basis - if so he may want to have a separate entity created for that business.As far as documenting the loan - I would recommend speaking with an attorney who regularly handles these transactions. 

There are some complicated rules regarding the circumstances in which you can qualify for the STR deduction against your W-2 income. 

My strategy is to keep it for long term and create equity.

I signed myself up for PropStream and I'm in the process of creating my "lists" in order to analyze specific properties to then bring to investors.

Hi guys, we are creating a FREE meetup webinar around the topic of Short Term Rental in Texas.

The guide was created to help lower the learning curve and reduce risks to out of state investors coming here.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

My goal is to build a massive real estate portfolio that would create generational wealth for my future family.

However, there are specific rules and requirements that must be followed to qualify for this tax deferral.In the situation you've described, your client wants to use a 1031 exchange to buy his mother's land.