Upon death, real estate has a step up basis, hence you do not have to pay taxes on what your parents bought the property for unless they gifted or transferred the property before death.

Hello BP,Im looking for real estate attorney and insurance broker in the New haven County CT. If anyone used any of these professional before and experienced an exceptional service in a reasonable price please recomme...

I just got married, and would like to use the cash gifts my wife and I got to finally get my feet wet.

Not trying to cast a lot of doom and gloom on what is intended to be a very kind and generous gift but I'd hate to see anyone let along a newbie investor get stuck with a bag of worms right from the get go.

I gave each a gift card to help with Christmas gifts.

I hope you find a path that always you to use your talents, your gifts, and your drive to help others who need it.

Somebody just gave me Emyth as a gift so that's on deck. 

Grandparents are also contributing to a 529 in our daughters names as annual gifts so they can get the tax benefits in their state.  

But she will not sign the deed of gift until i show proof to her that i will take care (repair) the property. 

Save up the 3% or whatever you need as a downpayment (or ask for a gift from family members that want to see you get ahead), and make an offer that has the seller cover your closing costs.