My name and my daughter’s name(s) are also in title and the loan.I have really good equity in both properties (six figure) with great interest rates.At some point my daughters and their husbands will move out to upgrade to something bigger.I want to turn these properties into investment properties after my daughters move out:  thinking the best way is to convert in my name only.Also considering leveraging the equity in the properties to help buy new homes/townhomes for my daughters when they are ready as well.Wondering what the best strategies would be for me to expand property portfolio, minimize tax impact , create more passive income while continuing to help my family grow.I appreciate any advice! 

Do not have this conversation at 8:00 PM on a weeknight after a long day.

Joining BiggerPockets is a fantastic first step – it’s where so many great real estate journeys start.

One thing to understand about real estate as an asset class is that it is a depleting asset, meaning there is only so much of it (think oil).

Are you quoting net cash flow - after taxes, insurance, maintenance/repairs, property management if needed? 

Attorneys in "real estate' tend to be very specialized.

It's that simple.Doesn't hurt to have real hardwood floors and A/C as well.

We want to do this transaction so we can upgrade our living space, have another rental (our existing house), and eventually rent out the new house (his house) after we grow out of it.

👋It’s a pleasure to join this community and connect with people passionate about real estate.

You'll want to focus on securing a favorable financing deal at the refinance stage—ideally, you want to pull out as much of your initial investment as possible while keeping monthly payments manageable.A big consideration is understanding your after-repair value (ARV) and ensuring the rehab costs add value in proportion to that.