Jeffrey Hill
Trying to figure out how to buy a home from a friend with assumable VA loan
13 January 2025 | 5 replies
I don't think we are going to be able to come up with $50K before they're going to need to move and no, definitely no family members able to gift $50K.
Dylan Gomez
Inherited a property and remodeled it now its ready to sell
26 January 2025 | 9 replies
And to really take care of your mom use your annual gift limits to gift back to her the rent she pays.
Willie J Baxter
Any useful advice?
24 January 2025 | 3 replies
You magically get the seller to cover every single closing cost (A $12k gift, or a trick to get you to buy their problem.).
Jenna Schulze
Investing in College
4 January 2025 | 4 replies
You can also get a "gift" from a relative or join a program (ask the mortgage officer) on if there is a gift program you can join - similar to a scholarship.
Armani Diaz
Tenants DO NOT want to leave Need Advice
23 January 2025 | 6 replies
I’m sure you won’t be verbally assaulted about how greedy you are Basically they were gifted $60-$120k tax free.
Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
Transferring a property title later could be deemed a taxable gift if it exceeds the annual exclusion ($17,000 for 2024).
Paige Seeley
Funding for a portion of a down payment
15 January 2025 | 6 replies
Also, conventional lending will NOT allow you to get gift funds OR borrow unsecured funds to help fund a down payment on an investment property.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
Upon further investigation, I found several more properties under similar circumstances.At first glance, it seems possible that these properties were either gifted to the nursing home by former residents or claimed as repayment for services rendered.I’m new to real estate investing, I’ve been in the education phase for the past 2-3 years.
Maranda Tucker
Why Rental Listings in Charlotte Stayed on the Market Longer This Winter
6 January 2025 | 0 replies
Seasonal Slowdown (With a Twist)The holidays always lead to a slower rental market as potential tenants prioritize family, travel, and gift-giving over finding a new home.
Chris Kay
How Far Does $50k Go for Rehab?
15 January 2025 | 14 replies
Jaron Walling said something that caught my attention, "search for and buy a bad roof, leverage it during the negotiation"....especially of the property has been sitting on the market longer than normal for the current market, a "bad roof" might be a gift from the real estate genie.My point is this: get good at estimating and fixing a bad roof (or any particular problem found with most houses that sit on the market longer) and you'll get comfortable buying/fixing properties that scare off other buyers.