Quote from @Victor Yang: If I gift a house, what amount will go towards the lifetime gift limit, the amount i purchased the house for, or the current FMV?

House gets foreclosed on when a borrower is not paying its debt obligations - typically its mortgage.buying foreclosures is not for the faint of heart as you have no idea of the interior of these properties lastly while it can be beneficial also realize if there are a lot in an area those homes are the new comps when trying to sell so it lowers home values in an area 

Here to rub minds and learn from everyone

Hi, I would love to hear what everyone's favorite project management software has been in the last year? I've used Asana and Monday in the past for a few flips, but neither seemed tailored for construction management....

@Jonathan Baptiste Have been house hacking before it was a thing, 29 years to be exact.

HI, I own a part share of a nice recently renovated house in North London, with other members of my family owning the rest, left to me in my fathers estate, with probate granted in 1999, as a tenant in common.

After 20 years as an investor, broker, and lender, I can tell you that house hacking is one of the smartest ways to start.

I have a property on the barrier island that I do not want to list on MLS but I am interested in connecting with realtors or investors who typically sell or buy pocket listings and may be interested in this property. ...

@Heather Bailey When house hacking with a separate rental unit, ensure proper insurance by obtaining landlord or short-term rental coverage tailored for Airbnb activities, in addition to your primary residence policy.

You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed.