I will add we took out a loan to buy the home for 20k along with extra cash to put into our home to make a "home office" out of the attached garage we never used except for storage so we added even more value to our 156k purchase.

First time buyer here, looking for advice.Like most first time buyers currently, I’m heavily questioning buying if now is the right time to buy. 

If I were to buy a building that is in second mortgage foreclosure.

There are quite a few markets that you can buy in within that range.

BUY EVERYWHERE.

It's not for everyone, but we've had many out of state buyers buy sight unseen and close remotely.

Never fear, Dave Meyer is here to demystify one of the most important (and surprisingly easy) steps of your investing journey: deal analysis.Live Workshop: Demystifying Deal Analysis with Dave MeyerDate: May 29, 2024Time: 11am PT | 2pm ETIn this live workshop, you'll walk away understanding:How cash flow, appreciation, amortization, and tax benefits all shape the quality of a good dealWays you can maximize your investment returns BEFORE buying a dealThe key questions you should ask before every investmentWhy MOST properties out there aren't deals—and how to poise yourself to move immediately on those that are Register now to secure your spot!

Cousin A currently lives in one half of their primary residence and rents out the other half.Cousin B has a rental property they want to get rid of by doing a 1031 exchange.If Cousin B buys 50% of Cousin A's house as tenants in common, can A & B essentially switch over the rental income to B, whereby B reports all rental income and expenses on their taxes and A reports no rental income and expenses?

Of course buying right is always the key, but is there anything else I can do to help navigate the turbulence?

Buy rentals with 10% or better net caps.