If you gift your share, it may trigger gift tax filing if the value exceeds the annual exclusion ($18,000 for 2024 and $19,000 for 2025), though no immediate tax is due if under your lifetime exemption.

If you said the property was valued at $200k, then 2nd position may still bid in an attempt to run up the numbers depending on what kind of haircut they're looking at. 

I believe that these types of exchanges are important to enrich the discussion and add value to the community.

Let's say you paid $250k for it, and it's now market value $500k.

This is a reposting of a previous postI value Matt Scott's commitment to help me in with my success.

How did you add value to the deal?

My target markets include any region in California, and I’m always on the hunt for properties with strong value-add potential.If you’re experienced with rehabs, BRRRR, or creative financing strategies, I’d love to connect.

., known for its upscale appeal and strong demand for vacation homes.Properties in the Hamptons attract affluent buyers and renters, offering a high potential for appreciation and steady rental income.he property may have been undervalued due to its condition, presenting an opportunity to add value through targeted renovations.

A friend of mine had a similar journey - they turned their old home into a rental property and soon realized they loved managing tenants and exploring ways to add value.

- How much do you value your free time?