I believe you have 2 years to claim the property 19 tax base and he must have lived in it for 2 of the last 5 years to qualify as a primary residence ?

I've never invested with Nighthawk but took Michael's "Platform Builders" course/program last year, I thought it was high quality and my team and myself got a lot out of it.

I've spoken with several lenders and agents over the last month and have locked in some contacts.

@William CoetThere are so many factors that go into this including location, asset class, true operator experience, amount of debt financing….Recently we have seen deals where $100k turned into a $98k loss and where $100k had a 1.8x multiple.

Anyhow, that was just in the last 2 hours so no progress yet.I’m dying to watch your videos for insight!! 

I am under contract for a multifamily since October 5th last year, a bit over 4 months as of writing this post.

I was informed that they had completed 24 of the 27 rehab projects sold, and that I was in the last three, with my project being next on the schedule.

But, there was that pesky lil prop passed last year, Prop 19, which severely limited the parent to child transfer property tax reassessment exclusion.

Lastly I dont think folks understand that there is a huge supply issue and if everyone who went to a training actually went to work there simply is not enough RE to go around especially in the distressed asset space.

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