Good day Bigger Pockets Fam,Has anyone here ever done a For Sale By Owner transaction, and if so, I wanted to hear about your experience and how easy/complicated it was to close that deal without using an agent.

A few things to consider: are you increasing rent each year to at least try to recoup some of the additional costs (everything goes up, so why should the family member not pay more-if it is your parents, it is more complicated), how much has the condo appreciated over the last 3 years since you bought it, and what would you do with the money when you sold?

As also written above, figuring out who has standing can get complicated. 

I mainly invest in SFH because I think the appreciation and total return over the next 5 years is better than MF and it’s actually less complicated but I know it doesn’t cash flow AT ALL and it’s ok, I’m building long term wealth not cash flow. 

This would be the most expensive and complicated option and I would not recommend it unless the other options are not possibleIf you have any questions on the above or would like to know what carriers we use in NY please PM me.

Real estate in any form simply is not that complicated and you would spend less just paying an attorney by the hour to fill in the holes for you or  a really good RE broker.

House Hacking Strategies: Examine various house hacking techniques, such as renting out individual rooms or residing in one flat and renting out the others.

He also teaches a "niche" technique, using Lease Options, which is great for a investor that is new to the business.

It gets really complicated at that point.

then the why we do it so we can spend more time with family/kids.. then on and on.. these are tried and true techniques that have been used and taught for years and years.