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28 April 2024 | 1 reply
If I don't sell the rental, what kind of lenders offer loans so I can buy back the other portion that was gifted to the nonprofit?
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30 April 2024 | 140 replies
Or how you had some crazy tenant that the only way to get them out was paying them with a gift card to the liquor store?
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25 April 2024 | 4 replies
Someone told me to treat the transfer as 1 for 1, and then treat the 2nd lot separately as a gift donation.
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25 April 2024 | 0 replies
Was gifted down payment and received conventional loan.
25 April 2024 | 3 replies
So, if I did do it that way I would need to pay gift tax on the money he gave me for the rehab, correct?
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25 April 2024 | 12 replies
Doing it this way allows you to ease your way in and costs you less up front - down payment for an owner-occupied property is much lower than an investment property, you may qualify for down payment assistance and can even use funds as a gift from a family member if that's an option.
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24 April 2024 | 2 replies
Person A did NOT file form 709 or pay any gift tax for the quit claim deed transfer.
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24 April 2024 | 2 replies
I have been doing my fair share of readings but i have a lot of questions that pop up and wonder who i can reach out to More info on my financial status if anyone is willing to give recommendations:10k in roth ira3k in high yield savings (paused to pay off debt)6500 in student debt200 ish in credit card debtestimated 4.5 months to pay off. 2 current part times (only been at each a year)expect to go full time on 65k salary working at brick and mortar bank and use college transcript as 1 year and pay stubs as other forms of evidence of a jobfather will be able to aid 20k as gift and if need be added as a cosigner for better approval rates.my goal is to save 50k, debt free and look for houses, however, could this be done sooner with other thank you for any and all advice !
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24 April 2024 | 0 replies
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24 April 2024 | 4 replies
I have been doing my fair share of readings but i have a lot of questions that pop up and wonder who i can reach out to More info on my financial status if anyone is willing to give recommendations:10k in roth ira3k in high yield savings (paused to pay off debt)6500 in student debt200 ish in credit card debtestimated 4.5 months to pay off. 2 current part times (only been at each a year)expect to go full time on 65k salary working at brick and mortar bank and use college transcript as 1 year and pay stubs as other forms of evidence of a jobfather will be able to aid 20k as gift and if need be added as a cosigner for better approval rates.my goal is to save 50k, debt free and look for houses, however, could this be done sooner with other thank you for any and all advice !