Some younger investors use a joint venture partner to help supply the down payment.

However, you must meet both tests during the 5-year period ending on the date of the sale.”https://www.irs.gov/taxtopics/tc701If you are married and file jointly, “Section 121 sale” would get you exactly $500k tax-free, but you’ll need to recapture any depreciation, which, I imagine, would not be much.

This can be a joint venture contract or you can structure it as an LLC to purchase the property, and you both own the LLC.

You NEVER know who will be your biggest connection, so its important to meet and keep up with every genuine person you find in the industry.

Most rental agreements are jointly and severally liability of all adults.

(Tenants in Common or Joint Tenants ... this has implications should one of you die.)Good luck!

I would suggest using a Margin Loan first if you have an Individual or Joint Taxable account.

The majority of the other owners are very unresponsive and refuse to have direct contact with anyone on our team as we have reached out several times to make a joint effort to provide an outlet for the memebers of our community as the majority of them are disgruntled because the immenities that we pay our HOA monthly for are unavailable.

The seller and wholesaler would be jointly and severally liable for the tax on the A-->B (yes, the deal that didn't close) and the wholesaler and end buyer would be jointly and severally liable for the tax on the B-->C.

That would involve either buying something outright or possibly doing a joint venture thing with other investors.