Can save around 18k if done correctly in parent’s taxable income that is non taxable to a kid. 

Also, ask your parents to put you as an authorized user on their credit card (so you can build history - assuming your parents have good credit).

Been there with my parent's rental in LA County, CA. 

But if you can have a parent or family member go 50/50 with you, you can buy a property with a fha loan and pay only 3.5% down and then rent out extra rooms!

Hi,Please help my parents!!!

Tenant turnover in 2020 with holding cost of $2064.93 Monthly cash flow right now is $498 after paying PM and mortgage.

There were plenty of qualified tenants for me to choose from and all of their parents co-signed.

I know Biden has floated the idea of eliminating the 1031 exchange, but until that actually happens (I think there would be VERY strong headwinds against this) I am going to continue utilizing it.If you're fine with holding the property, yeah, cash-out refi or a line of credit is the way to go, but that doesn't address the question of gains when the property sells.  

My partners and I formed a parent company in WY and a subsidiary llc in Ohio to purchase a real estate investment property (where we purchased property in 2021).

FinancingTo get a mortgage from a bank might be tricky given your age but with your part time job, you might be able to fins some money or you could get a parent to cosign.