One of my favorite after-the-fact client questions is - did I mention to you that I had a partner on this property?

I've heard in some states it's illegal to give referrals to realtors that are monetary, including gift cards.

Hector:My favorite (hated) topic. 

Hello, I have heard there are 100% LTC and 100% rehab lenders for seasoned operators. Curious to see if anyone on here has had any luck finding one? Thanks! 

The are always multiple variables such as: are the gift funds involvedProperty typecondition of the propertyIs it ruralTitle seasoningReservesLTVWhat is the estimated DSCR ratioCitizenship status: Foreign National, ITIN, Citizen, Resident, permanent residenceDoes borrower have investor experience or notMortgage payment history called a VOM or proof of timely paymentsGift of equity or not100% gift funds or does borrower have at least 5% down payment and their own reserveshow many acres does the property have?

Oakland is not my favorite place to visit... lol.

They apply, but you are just subject to gift tax at that point, which does not actually result in a tax bill for you, but a reduction in your total giftable allowance which is ~13M dollars. 

But my favorites are MI and IN, because there is decent supply, they are reasonably easy to work in, and I already have good teams established there.

I recently made a post about my favorite house hacking strategy which is to find a house that has a basement entrance or one that has some sort of side or garage entrance that opens up to the basement stairs and turn that into a basement entrance.

Hey Eric - I would do this as 1) gift funds and you are the sole owner or 2) make an LLC with the two of you and put them as a 24% owner so they will not have to sign onto the loan.