Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
24 January 2025 | 8 replies
Splitting the gift across multiple years may reduce immediate tax reporting but requires appraisals, legal documentation and proper structuring.If the house is highly appreciated, holding it for inheritance may be more tax-efficient because the recipient would receive a stepped-up basis to the FMV at the time of your passing, eliminating much of the capital gains tax liability.This post does not create a CPA-Client relationship.
Dillon Clark
New investor on a mission
24 January 2025 | 6 replies
It seems like the perfect place, BiggerPockets, for finding people who are like-minded, asking them questions, and learning how to become a future investor.I believe that no matter how unforgiving the market may seem, the right tools, knowledge, and preparation can help minimize risk and create opportunities.
Jean Romelus Lisma
New member Introduction
7 January 2025 | 7 replies
Check out FilePlace, where user-created forms are available for free.
Marisela Arechiga
To ADU or to Purchase Another?
14 January 2025 | 8 replies
This creates a negative initial position.
Matt Miller
What Systems Are Brokers Using to Run Their Business? (CRM, LOS, Marketing, etc.)
20 January 2025 | 7 replies
Hey, Matt - thanks for creating this discussion.
Cody Caswell
Your Design Doesn't Always Have to be BOLD!
18 January 2025 | 3 replies
., blend a bold design with a transitional home), we decided to highlight its natural style and create this simple yet showstopper design!
Jeremy Beland
The Crazy Title Issue That Almost Ruined Our Deal – But We Got Creative!
13 January 2025 | 0 replies
She walked away with $1,500 in hand, and we salvaged the deal, netting $8,500 in the process.That deal reinforced two crucial lessons: first, title issues can create unexpected hurdles, even in straightforward transactions.
Eli Edwards
Has anyone tried this?
23 January 2025 | 4 replies
The big opportunity here is creating a scenario where both parties come out ahead, especially in situations where the seller might otherwise walk away with little or no proceeds.If you’re considering moving forward with this kind of structure, I’d be happy to assist with running the numbers or exploring funding options to make it happen.
Caleb Mesquita
New to Real Estate/Looking to learn
16 January 2025 | 5 replies
Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.
Joshua Keim
Excited to be here!
22 January 2025 | 11 replies
I recently worked on an off-market deal here that turned into a great BRRRR success, proving how the right team and strategy can create equity and cash flow, even from a distance.If you ever need help analyzing deals or navigating the OKC market, I’d love to connect and assist however I can.