Since this post, I have been talking to multiple sources of financing and have viewed a handful of multi-families in the areas stated above.

@Patricia Mangham Depends on the buyer and how much work is involved.

You don't need to involve the bank (if you do, it will kill the deal) but you do need a purchase and sale agreement with your in-laws & to do the transaction through escrow and use a title report.

But in these six months I like to get education and training to get to the next level where I can partner with experienced apartment investors and become actively involved in deals etc

Don't resign yourself to lesser returns or get involved with lower class tenants; look harder and get to know the area better and be patient-and don't forget local REI meetings!

Most tax pros who work with clients nationwide (myself included) have clients who live, work, and invest in multiple states.As long as you work with someone who is either familiar with multiple state laws/regs or has the capability/resources to research the appropriate laws/regs, it should not be a challenge.Ultimately, you have to be comfortable with your team members and how they work.Happy to answer any other questions you may have!

The market is saturated with flippers who have driven many poor home owners out of neighborhoods and decades old family homes once they can no longer afford the taxes.Families can't even get in to see a house the day it is listed because there are already multiple cash offers and the banks take them and don't give the families a fair chance.Trying to buy a home for my family in Monroe County, and the price we can afford, but newly listed homes that may need the smallest amount of work … NO chance for us.

Primarily the kind that involves blowing out old $150k 1000 sq ft houses and replacing them with mammoth $500k houses over double the size.

You should offer to give each tenant multiple keys - maybe a max of 3?

Hello BP Members,My inquiry is regarding if multiple investors can acquire a loan together?