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.

I was told that they will make the complete rent payment in mid January which I think it will be a lot for them to pay at once, since they have defaulted in the rent consistently for 3 months now. 

Here are some key elements to include:Lease Agreements: Ensure your contracts reflect the latest laws, such as notice periods for entry or rules around security deposits.Fair Housing Compliance: Familiarize yourself with federal, state, and local fair housing laws to avoid discriminatory practices.Property Standards: Regularly inspect your properties to ensure they meet safety and habitability standards.Tax Documentation: Keep accurate records to comply with tax reporting requirements.4.

Credit report - We review their credit report for payment history and ongoing bills.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Happy to report I took back possession with well over $140K in equity.Thanks for shedding light on the creative side of real estate.  

I’ll admit the fear of failure and unknown holds me back regardless of goes many articles or reports I read or deals I look at.during this search hundreds and hundreds of ads come through for training/mentorship style groups.

You will want to fully understand the tax reporting burden you will face. 

Consumer reports even has a report about how they're better than all the $300+ toilets.

Stay consistent with follow-ups, sharing updates on new opportunities.Pro Tip: Host a webinar or in-person event to connect with potential lenders and answer their questions.Why It Works:Credibility and transparency make lenders more comfortable investing in your deals.What Do You Think?