We bought a property that passed inspection and thought we were on our way to a successful rental.

However, your son and daughter-in-law would need to be tenants of the property rather than the owners.

Yes to the HELOC route, but only if the new property cash flows to pay back the HELOC and its own loan.

The depreciable basis of the property was $641,100.

I currently have property with 1 acre and we are planning on building townhomes on it, but not sure how to get started.

@Melissa FaraiasGet a local agent / property manager would be my recommendation Also have you been in the property ?

Have you ever struggled with pricing a flipped property, and what strategies did you use to set a competitive price?

Purchase price: $540,000 Cash invested: $108,000 Investing in South Texas offers additional benefits The price per square foot for new construction in South Texas is among the lowest in the country, making it an excellent value for investors seeking high-quality properties at a reasonable cost.

With its inviting curb appeal and well-maintained landscaping, 17 Penny Lane stands as a testament to both style and practicality.Upon entering, you are greeted by a warm and welcoming atmosphere that flows seamlessly throughout the property.

After long consideration, I have finally decided to purchase an investment property.