Your wife as conservator/guardian has an obligation to her mother and selling the property to herself creates a conflict of interest in that she stands to benefit as the buyer and is also making decisions for someone else as the seller.2.

Purchase price: $8,000 Cash invested: $20,000 In 2013, I decided to put much of what I had learned from books into action by purchasing a two-bedroom home—not as a traditional investment property, but as a home for my mother.

Purchase price: $8,000 Cash invested: $20,000 In 2013, I put my knowledge into action by purchasing a two-bedroom home for $8,000 as a home for my mother, though she wasn’t thrilled about it.

Purchase price: $8,000 Cash invested: $20,000 In 2013, I put my knowledge into action by purchasing a two-bedroom home for $8,000 as a home for my mother, though she wasn’t thrilled about it.

The end goal is to have a piece of land with multiple houses: one for my growing family but also a home for my mother in law.My mother in law has agreed to foot the money on a new property/land up front and when ready we can buy land from her to build/develop etc. 

We bought for my mother to live in.

.- **Rental Income:** $2,100 monthly- **Unit 2:** Detached mother-in-law style unit with one bedroom and one bathroom.- **Rental Income:** $900 monthly- **Unit 3 (ADU):** 800 sq. ft. unit with two bedrooms and one bathroom, requiring additional work to complete its permit.- **Potential Rental Income:** $2,000 monthly**Investment Highlights:**- **Current Valuation:** $650,000 for existing properties- **Potential Valuation:** Over $1,100,000 post-upgrade of the ADU- **Seeking Investment/loan:** $35,000 to complete permit work on the ADU**Investor Benefits:**- Placement on the second level of the property title- Repayment of $75,000 for the $35,000 investment upon refinance or sale of home- First option to purchase the property**Why Invest?

Real estate investing has been a passion of mine for time with my mother also having invested early on where I likely have gotten the love and desire to follow similar foot steps.I have taken last 6 months to educate myself and currently own a single family home as primary residence and would like to expand to multi family properties (2-4 units) for additional stream of income, not to mention potential tax benefits for long-term investing.Based on current living situation, I have a fair amount of equity established in my primary residency along with having enough cash to either pay off house completely or use towards investing in a multi family property.Given that I'm the sole source of income for our household with my wife being the home maker for our two kids under 2, trying to weigh out risks with getting started now or perhaps waiting. 

Does the side unit have a separate entrance like a mother-daughter? 

. - Prices are too high- Prices are falling- Interest rates are too high- My Cousins, Mothers, Sister told me that Real Estate is too riskyThere’s never a “perfect” time, but everyone wishes that they started sooner.