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Updated over 1 year ago,

User Stats

63
Posts
15
Votes
Rene Bee
  • New to Real Estate
  • Atlanta, Ga
15
Votes |
63
Posts

receiving a house as a gift...

Rene Bee
  • New to Real Estate
  • Atlanta, Ga
Posted

Hello, 

My mom received a house through an inheritance last year.  She now wants to transfer that house to me as a gift.

What kind of  tax issues should I be concerned with in terms of receiving such a gift.  The house is in bad shape and we have gut renovated it but havent started the rehab yet.  Should I get it appraised before starting the gut?  What kind of professional should I speak to for advice. 

Thx!

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