I think asset prices will continue to grow, areas where millennials can buy affordable real estate will be where I'm setting my sights on.  

Simply gifting him half the property now wouldn’t immediately allow him to claim the exclusion without fulfilling this residency requirement, I don't believe.One thought would be to use a HELOC to pull just enough equity out of the current home and use it to buy a smaller home, or at least the down payment.

I am looking into buying my first self storage facility.

Or buying opportunities if the bottom is reached soon.

We all invest in real estate in order to make money, and keep in mind that someone who can only afford to live in a mobile home and seller-finance to buy the land is probably tight on funds. 

Please feel free to reach out to me and my team if you would like to come up with a game plan and build your buy box. 

Check fees are $10**** When buying physical real estate, you must have a 10% cushion of the purchase price**We waive the first 6 transaction review fees for the life of the account.*** The first 12 incoming checks are free each year.

I’m from Houston and particularly interested in the Houston market and its surrounding areas so it is easier to manage.My Criteria:* To buy: 3bd/3ba property at Max: $350K.

Investment Info:Townhouse buy & hold investment.

Last thing to consider is if you are buying a new home, will you want to do 100% financing and will you have the remaining bonus entitlement to do so.