Members of these in-house capital markets teams typically have prior experience working at multifamily debt brokerages, investments sales shops, etc., and a full rolodex / database of lenders whom they have rapport with to boot.

For 2024, the annual gift tax exclusion is $18,000 per recipient (rising to $19,000 in 2025), and amounts above this require filing a gift tax return (Form 709).

Simply gifting him half the property now wouldn’t immediately allow him to claim the exclusion without fulfilling this residency requirement, I don't believe.One thought would be to use a HELOC to pull just enough equity out of the current home and use it to buy a smaller home, or at least the down payment.

I'm shopping and ordering online given that my apartment is out of state and I'm flying in to set everything up.

Quote from @Melissa Odom: Hi BP Community,I have a small family-owned shopping center in Wimberley, Texas. 

My STR's HOA needs to shop for group quotes.

And I'm shopping on preforeclosures right now.

Built with purpose in 2003, this store has served the community for over 20 years but is now closing its doors.Similarly, in July of 2024, Stop & Shop announced the closure of its Lincoln Street location, which has already ceased operations.

Should I be shopping on market for an eligible property?

Added a new cistern for water and added a shop bathroom in addition to completing the apartment.