Terry Portier
How to become a Hard Money lender?
26 April 2024 | 44 replies
Unless you're prepared to just call it a gift, you want to get the documentation right up front.
Craig Ancier
How did you start in real estate investing
26 April 2024 | 40 replies
I remember my first bike and that experience so clearly, as it was an amazing B-day gift but then when pressed to hop on and ride, holly-cow was I terrified.
Bradley Elrod
Renting to my child
22 April 2024 | 4 replies
Your daughter is more likely to respect the property if she's paying for it.You are allowed to "gift" a certain amount to your child tax-free.
Jan Boldt
Gifting investment Real Estate questions and comments + deductible carry-forward?
20 April 2024 | 0 replies
(How to deal with existing mortgage during the gifting process... prefer mortgage gets paid off, rather than become part of the gift.)Much thanks
Jeffery Cooper
Decreasing tenants rent because of needed repairs
22 April 2024 | 5 replies
I would give them a gift card or similar if they stay for the repair.
Hayder Ali
Real Estate Planning
22 April 2024 | 5 replies
Be careful with gifting a property - his tax basis will transfer to you.
Kevin Breneman
Rent to own question
21 April 2024 | 5 replies
Would this be a gift, or some other way to transfer?
Sean Dougherty
Any agents ever done this?
19 April 2024 | 4 replies
Some allow gifts, but need a gift letter.Maybe tell us more about the deal?
Logan M.
Pre-Lease Signing Incentives
19 April 2024 | 5 replies
I want to put in place some incentives for new tenants and want to know if anyone on BiggerPockets has done something similar.Here are a few ideas I have had:First Month Free: Sign a 13-month lease and get your first month freePets: No pet fee for the first 6 months, year, etcRent Discounts: Offer a discounted rent for the first month or two fortenants who sign a pre-lease agreement before a certain date.Waived Fees: Waive application fees, administrative fees, or securitydeposit for tenants who pre-lease.Free Utilities: Offer to cover utilities such as water, electricity,or internet for a certain period for tenants who sign a pre-lease.Upgrade Packages: Provide upgrades or amenities such as free parking,access to a fitness center, or a smart home package for those whopre-lease.Gift Cards or Vouchers: Offer gift cards or vouchers to localbusinesses such as restaurants, cafes, or grocery stores as a signingbonus.Flexible Lease Terms: Offer flexible lease terms, such as shorterlease lengths or the option to renew at the same rate, to incentivizetenants to pre-lease.Refer-a-Friend Program: Encourage current tenants to refer friends orfamily by offering them a reward if their referral signs a pre-leaseagreement.Early Move-In: Allow tenants who pre-lease to move in a few days earlyat no additional cost.Guaranteed Parking: If parking is limited, offer guaranteed parkingspots for tenants who sign a pre-lease agreement.
Allan Branch
Young Adult + 1st Property + Buying Early
18 April 2024 | 3 replies
Analyze this with him and then 2) have him start bringing you properties that he has run numbers on, in a serious spreadsheet, have him sell you like he was your partner.When you think he's ready and has saved at least some money for a DP, help him get started with a little loan/gift.