Is it possible to have a property gifted or quit claimed from a family member, appraised and seek out a mortgage towards a portion of the value of the home?

Here is the situation/hypothetical,Lets use the name Bob.  Bob owns a property worth $210,000 and still owes 150,000. Thing is, no one knows that he owes this and it appears he owns it outright.  (personal loan/mortga...

What a great gift you were given with that book, it is one of my favorites!

I was referring to tax planning from the standpoint of once you accumulate a substantial number of assets, you may want to help provide for your children, and in doing so, you could gift LLC membership interests while still maintaining control over said LLC.

Could be viewed as a gift

They were previously owned by a relative and gifted to these LLCs in 2015.

I have seen a lot of adds for conventional loan. 1% down and lender gifts 2%.

Gilberto Grajeda if you are not on the title, and your dad quitclaims the property to you, there could be a gift tax filing requirement.

I've been doing some research on the whole FHA stuff, and I have to find a gift for the down payment, I will look into FHA.

I suggest you evict them with ample notice and return their security deposit in full as a parting gift.