Hello, my wife and I co-own a rental property in an LLC with her parents (my in-laws).

The house will cash flow but the property comes with a great newly built barn with a slab and all.Now when my brother and I both left for college my parents had no use for a golf simulator that we had in our garage so they offered for me to use it at a property.This would for sure add a lot of value to bookings but I cant decide if the $50 - $100 a night or so increase (just a estimate) is a better option than spending the 40-60k to turn the barn into an ADU / separate dwelling to add cash flow and equity to the property. 

And, the reason why most people sell the property outright is that there is an immediate need for money, an immediate need for your attention to be with your parent, and no time and money to make the rehab needed to tenant ready the property, much less to learn how to successfully landlord. 

Hello All,I am looking to buy a rental property with my parent (full cash no loan) and we are trying to figure out how we should set up the agreement in order to get the least amount of taxes paid and most amount of profit made.

They provide peace of mind knowing that your taxes are prepared correctly and can defend your filings if questioned.Benefits of a CPA for High-Income IndividualsTax Planning: CPAs do more than just prepare your taxes; they can offer year-round tax planning advice to help reduce your tax liability through strategic decisions about investments, deductions, and other financial moves.Customized Advice: A CPA can provide tailored advice based on your specific financial goals and life situation, such as planning for a child’s education, buying or selling real estate, or planning for retirement.Decision FactorsCost vs.

How can I navigate this journey of rebuilding from zero while still focusing on my recovery and responsibilities as a parent?

I stumbled into my 1st deal when my parents' neighbors decided to move and preferred to sell off market.

What loan would suit the purchaseIn my early 30s, I often wished my parents had told me to buy a house at 18.

Hello everyone,  I am fairly new to REI, and I'm currently living in my parents house which is in a newer subdivision on the Northwest side of Pueblo, Colorado, the nicer area. 

I want to house-hack a duplex but I am not ready to actually move out of my parent's house because of sick family members.