You've already bought it and withholding it gives the appearance that you're hiding something.Bryan's strategy of asking that they pay for it if they purchase the land is good.

At that time, my goal was to get my degree and a good paying job/career so I wouldn't struggle like my parents.

Real estate is one of the few things I am really passionate about, a result of helping my parents out with a rehab project 10 years ago and the subsequent management and expansion of their business.Now I am ready to try my hand at investing after agonising, decade-long wait, and my parents and I have had our offer accepted on a 5 unit property in need of renovating.

If you have cats put it up on something high and the parents will feed it until it can fly.stephen----------- Originally posted by @Kimberly T.: . . .

If you live with your parents, and they don't charge you rent, good.

We plan to do this in Asheville, NC as that is where my parents currently live.

I am currently living with my parents but am considering purchasing my first home using FHA financing.I understand that FHA requires "owner occupancy" for at least one year, but the question I have is:Can I use FHA financing to acquire a property while still living at home?

There is no particular correlation between math and finance.The only truly honest goal I heard during the whole ceremony was the guy that said simply he wanted to be "self sufficient", that actually was the one I thought was closest to reality and had a ring of a realistic goal with parents.

My parents are blue collar immigrants.

To be able to minimise the withholding {US} & dividend {Cdn} taxes and control the timing of earnings repatriation you should explore using an U.S.A. incorporated entity which is a child subsidiary (100% owned) of a Canadian corporation.