Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
24 January 2025 | 8 replies
Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck
Bill Goodland
Favorite Tools for Building Distressed Owners Lists
15 January 2025 | 13 replies
We have no interest in contact data gathering, as that space has been well developed.
Jonathan Greene
Are the forums on BiggerPockets getting worse and worse or is it just me?
23 January 2025 | 52 replies
Even the drop down menus for the forum subgroups are not organized that well.3.
Melody R.
Thoughts about the virtual CPA firm The Real Estate CPA?
16 January 2025 | 18 replies
Then the compile everything at year end and file taxes.
Ryan Brown
Tenant blasting music all night
26 January 2025 | 24 replies
For example, in Kansas they have the 14/30 (basically you will rectify the situation in 14 days and if not you have 30 days to depart i.e. before you can file eviction).
Steve NA
Financing MHP and other questions
28 January 2025 | 4 replies
That gives you time to get organized and established for more conventional financing.
Stepan Hedz
Scaling a Distressed Property Portfolio: Strategies for High-Volume Investors
30 January 2025 | 0 replies
Exploring tax delinquency records, probate cases, and foreclosure filings can help you build a pipeline of motivated sellers.- Strategic Partnerships: Building direct relationships with REO asset managers, bankruptcy attorneys, and bank liquidation teams can provide exclusive access to bulk sales before they go public.- Bulk Purchases & Portfolio Acquisitions: Banks and hedge funds often look to unload non-performing assets in bulk.
James E.
Real Estate professional logbook example
30 January 2025 | 227 replies
@Sean O'Keefe, Can I get a copy of the file?
Emily Gowen
When to sell vs hold rental properties that have appreciated?
25 January 2025 | 13 replies
the reality is that well over 90% of all our clients exchanges end successfully.
Johnathan Cummings
Creating an Assisted Living space for multiple tenants
12 January 2025 | 1 reply
Have you reached out to any social service organizations that might be able to provide tenants to your property?