(Susan L'Ecuyer, 20 years in business).Real Estate Goals: Make well informed, spectacular deals on Single and Multifamily properties, meet incredible people along the way, build wealth through REI, and creating enough passive income to become financially free.Learned about BP through a family member who does REI.

My goal is to gain employment in real estate management in New York or New Jersey. 

Not a passive businessCan be harder to finance since it’s a non traditional type of real estate.

@Barbara Hlavaty I think first of all, you have to figure out for yourself whether you want to be active with this next investment or passive?!

Selling for a flat 1.7 for example would incur a pretty hefty capital gains tax. 

When I started investing in real estate with the goal of passive income my views changed.

I manage my and my boyfriend's rental properties (3 properties/6 units) but I am looking to get another property in order to gain a little more passive income and gain more financial freedom.If there is are others in the Quincy/Braintree/Holbrook/Randolph/Brockton area who meet regularly or who would be interested in getting a group together, please let me know.

And since we've lived in that house for 2 of the last 5 years, the capital gain will be tax free as well.

He stresses that these owners would pay a whole lot in capital gains, and if kept to his death, heirs would be inherit at a stepped up basis, meaning heirs skips the cap gains at death.He accumulated quite a portfolio, and NNN is his favorite tool as no one doing residential real estate ever heard of it, and if they did, thought it's only for commercial properties.

You'd probably be better off helping your mom sell the house, avoiding capital gains, splitting the profit with her then using that money towards a down payment for the next property.