How much below market value would a sale have to be for it to trigger a gift tax and if so what is the rate on that? 

Will review more before pulling the trigger.  

Last month, I pulled the trigger on getting my first real estate property ever and decided to go with a 4 bed, 2 bath new construction to limit all the variables involved since I am still in college.

I have looked at getting involved in real estate for years but never pulled the trigger for one reason or another. 

I finally pulled the trigger on my very first deal.

@Jillian Alonge A HELOC provides quick access to equity for your next property but transferring the property to an LLC via quitclaim deed may trigger the due-on-sale clause—check with your lender.

California is one of the states that will hound you for the proof your 1031 is still valid, only a California expert could say if converting it to your primary would trigger that tax.

Of course this all depends on YOU setting the base rate and all the knobs and triggers most appropriately.

Since my aunt is the listed owner, Proposition 19 does not apply in this case.We consulted a lawyer who mentioned that transferring the property to an LLC could allow me to be added to the title without triggering a property tax reassessment.

I have listened to the BP Podcasts for a some time now, and thought I would pull the trigger on joining the community!