I don't think there would be time in this scenario, but it's a good idea on how raise small amounts of capital, especially since HML doesn't seem to be a solution.The borrowers father built the house, so there is an emotional attachment. 

I currently own a duplex in Missouri, and would love to buy another but it doesn’t look as if the duplex market in the area is very lucrative for someone without significant capital.

A living trust can be a great tool to not only let you dictate the future of your hard earned real estate portfolio while you are still alive but can help reduce estate taxes, ensure a step-up in basis of your properties to eliminate or reduce capital gains and avoid reassessment of your properties when you die so there won’t be a large increase in property taxes.Long story short, please go see an estate planning attorney!

The old capital conference was great but it was strictly larger multifamily/syndication.I’m probably going to go to the best ever conference this year too.

Hey Daniel, Did you include other expenses associated with the property such as repairs & maintenance, capital expenditures, property management, vacancy, taxes, insurance etc. within your analysis?

But  regarding amounts of liens this helps me due to the limited capital I have.Will keep this forum updated as I know people are interested in this journey.

This will allow you to use the funds from your sale to purchase a more expensive property while avoiding paying capital gains tax on your sale profits.Best of luck to you and CONGRATULATIONS on the addition to your family!

if its them as well then maybe they are not loaning at all.. maybe they are just providing capital  the LLC so if you flake out they just take the deal and sell it themselves since they own the LLC... which would not be unwise on their part.

So I had the bright idea of subdividing 20 acres into 4 five acre lots, 4 years ago, thinking that after loans were paid off we would have some capital left to invest in rentals.

its like anything real estate related there are always a few that rise to the top.. ones with proper capitalization , ability and market knowledge and are very very good at sales.. others usually just blow their few grand on direct mail never do anything and chalk it up to that don't work !