However, I would generally not recommend condos as there are too many risks involved over the long term. 

Acquiring property from your parents can be a wonderful opportunity, and there are a few paths you might consider exploring.First, you could discuss the possibility of a gift of equity, where your mother gives you the condo as a gift, potentially allowing you to avoid some costs involved in a traditional purchase.

If anyone has been in the industry for a while and is willing to take the time for a brief conversation with a rookie looking to learn and get involved, it would be greatly appreciated.

If you’ve got a deal you’re eyeing, I’m happy to run comps or share a few reliable GCs and wholesalers I use.

With the right strategy and a keen eye for detail, real estate can be a rewarding venture.

I’m especially curious how this might affect investment opportunities in the single-family sector in the coming months.I’d love to connect and exchange perspectives—always great to hear from others who are keeping a close eye on the market!

It was a win win for all involved. 

So my number 1 question or DD item if considering them as a service would be security and what intervals do they get eyes on the property?

Sometimes the extra rent more than covers it, sometimes it takes a while to break even.It really comes down to your goals, if maximizing cash flow is the priority and you’re okay with being more involved, it could be a solid move.

In one he checked the box on the application that said he or no entity he was involved with had ever file for bankruptcy.