I’ve encountered several out-of-state investors who have unknowingly made this mistake with their structuring, only to face unnecessary tax complications.However, all is not lost.

I’m currently focused on learning how to get started with wholesaling, finding buyers, and eventually transitioning into passive investing for long-term financial growth.I’m based in Arizona and would love to connect with other local investors, mentors, or anyone open to sharing insights, tools, or step-by-step guidance for someone just getting started.

Situations like your neighbor are great example of a creative deal that gives value and you are not competing against the big investors.

Hi everyone! My name is Cat. Excited to be here!
My background: Built and managed a 33-door multifamily portfolio worth $7M using creative financing and OPM before strategically liquidating post-COVID. Now I'm laser-...

Typical strategy for an investor-minded person is to refi out of the FHA ASAP - but this requires at least 10% equity.

There are exceptions, but most newbie investors aren't exceptional enough:)

Great advice here from each, and again would emphasize that with passive investors you will usually be safer and the one at the wheel if you can structure such as debt rather than equity partners.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Here is another investor (not in California) @Nicholas L.'

I'd listen to the straight up Chicago investor podcast.

Great to connect with like-minded investors!