The value of the land cannot be depreciated, only the value of the improvements- which is what you're speaking of as far as a portion of your $150K goes I'm assuming.For example, a residential property costing $400,000 has a land value of $100,000.

The one I like though is and I think you and I agree on this.. but buying at or close to the median price point of a given MSA to me is a critical for out of area.. just gives you a leg up on quality assets and generally speaking a mixture of owner occ and rentals in the area instead of 100% rentals or high % rentals.. and of course buying 50% under the Median is inviting high risk for out of state folks..  

I would speak with the existing lender/family member and ask them to extend the years of the note at the same rate. 5% 15 year $554 monthly vs 4% with costs $518.

Financially speaking, investments come before toys, and it sounds like you have the equation reversed. 

@John MichaelIt may be considered a gift if you decide to withdraw from the account.Tell your parents to speak with a CPA to understand their filing obligations.

I've been looking for people to help me on this but most people tell me to speak with realtors but listening to the podcast that isn't the right people to speak to.

I love in Pittsburgh pa and was hoping to find a local meet up group where i can meet and speak with like minded people.

@Stuart Van Ess I would recommend speaking with a SEC attorney about the structuring of your deal.  

Perhaps we can schedule a time to speak on the phone? 

Hi all! Don't know if there are any of you out there but we are looking to connect with a lawyer and accountant in PA to gain some knowledge in starting our LLC in PA for beginning our BRRRR portfolio! Looking to set ...