Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.

This seems like a no-brainer to me and fits well into a vertical integration strategy (I'm also thinking about managing other people's rentals as even more vertical integration (aka side money).  

Reach out anytime agreed. i am unfamiliar with his markets but $220 does seem very low. a sf room mate/ BRRRR strategy seems more practical

We're open to other strategies, but believe that sounds the most ideal so far. 

Originally posted by @Danny Johnson:@Luke Grogan I'd love to talk strategy with you regarding the systems you've been looking at. 

She actually was a junior attorney in the closing of my house and decided to no longer practice law and become a realtor instead,  her legal knowledge is extremely helpful.When you are buying you can use my strategy. 

This is one strategy I used. 

I met with Wicked Smart today and was told they help you set up a lead sourcing system, help you structure creative financing - which is essentially lease option/purchase, subject to and owner financing....all strategies I am interested in learning more about.

I think at this point, i dont think sheriff sales is a viable part of my strategy. 

Are there specific qualities or terms you look for that make the relationship a good fit for your investment strategy?