I'm a first time investor running the numbers on a triplex in central MA. 200k purchase price, 20% down payment and 5% mortgage. 3 units all rented at 1000 per month with assumed vacancy rate of 25%.

He claims to keep everything private to avoid lawsuits while running around the country telling everyone how much money he has.As I said before, he has lied about large and small things.

Is it located on the perimeter of the property, or is it somewhat central?

For most of us they're not applicable and won't help us avoid frivolous suits.

The tax people will chime in I'm sure, but there is no way to avoid the tax hit on this flip as I understand it.

Trying to avoid that.

I try to focus on a few areas east of the river as they are very centralized and close to downtown, Town center mall (very hot area), Jax port, and the beaches.

First you can gift small amounts without tax liability, I suggest not more than $12K per person to avoid filing a gift tax.

Good morning BP,Im looking for bank/lender referrals in Central Texas.

Are you happy to spend money to avoid having to cook yourself or would you rather be frugal and make your own meal?