The wise move would be to get on the phone with him and ask him that question directly, and if the answer is complicated write the answer down and repeat it to him ensuring that you understand it.Good Luck!

Investment Info:Small multi-family (2-4 units) buy & hold investment.

If you property has been your primary residence and it's been less than 24 months, you may decide to hold off until you’ve reached that threshold to avoid capital gains tax (unless you are okay with opting for 1031 exchange or doing QOZ Fund)If you still decide to sell your property within 2 years, try to stretch your ownership out to at least 12 months, or your profit will be taxed as ordinary income.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Lehigh Acres.

Are you looking to hold and eventually rent out, sell for profit?

On your second house repeat it.

As a proud husband and dog owner to the charming Luka, I'm here to connect with like-minded investors, share experiences, and learn from this incredible community.I'm eager to join communities that will not only help me expand my knowledge but also hold me accountable on this exciting path.

Seems risky waiting until after the purchase when holding costs will start to pile up, but it also seems silly for the contractor to walk the property with you, write up a detailed scope of work and risk the buyer not actually completing the purchase.

If you want anonymity, start with forming a holding LLC in Wyoming.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Miami.