If they gift it to you it's tax-free (as long as they're under the lifetime gift limit around 14 million) they may have to file a gift return though, but there won't be tax due. 

Read "Long-Distance Real Estate Investing" by David Greene for starters.

If you think this distinction is unimportant, consider what happened to investors who placed their IRA funds with American Pension Services,—an administrator whose founder mishandled their money causing a $22 million loss.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

Would anyone care to recommend a bank, credit union, etc that will do a HELOC on an investment property?

Hi all - I am an investor who is looking to share ideas and opportunities with fellow real estate investment enthusiasts.

Or is there a bookkeeping agency that has a note investing specialty?  

I am from the Hagerstown, MD area and was looking at a few potential investment properties in Cumberland.

@Mason Edwards I live and invest in Knoxville.

Hey BP Community,My name is Sylvens Bellanton, and I’m the founder of Clearview Management, an investment group specializing in real estate acquisitions.