While gifts exceeding $18K per year (2024) require filing Form 709, they don't create an immediate tax, but the IRS may scrutinize this as tax avoidance.Tax-Saving Alternatives:Prorated Section 121 Exclusion – If you lived in the home part-time, you may qualify for partial tax exemption.1031 Exchange – If your share was an investment property, reinvesting the proceeds defers capital gains.Installment Sale – Spreading payments over time may reduce your tax bracket.Adjusted Basis Review – Factor in capital improvements and selling costs to lower taxable gains.This post does not create a CPA-Client relationship.

I've been investing and hanging out on BP for almost 10 years now, so please reach out if I can help with anything.

It's still my favorite investment strategy.

@TJ Woolum - save your money (many will be glad to take it), rather invest your time and energy  to connect with the right people!

Then I had to open an LLC for some other investments.

Best of luck in your real estate investing!

Connecting with investors is a great move too; it’s one of the best ways to gain real-world knowledge and build a strong foundation for your journey.What kind of investing are you most interested in? 

Quote from @Michael Johnson: Investment Info:Small multi-family (2-4 units) buy & hold investment.

In College Station TX A lot of the investor focused agents will also help list your investment property for rent. 

We have our first inspection of a potential investment (deal from a wholesaler) today, so I feel like that is a step forward.