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Results (9,173+)
Vania Cortez Wholesaling in FL with and without a RE License
29 March 2021 | 55 replies
All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.Seems like this was written specifically for wholesaling.
Joe Applegate I found out my parents accidently invested in an opportunity zone....$$$ HELP
10 November 2023 | 6 replies
This one is a doozy, but anyone who gives the best advice regarding this opportunity zone question will receive a gift from the universe….I just took over a project from my elderly parents where they own a single-family rental that needs substantial improvements.
Account Closed Grandpa's Gift - Brick Beauty
6 September 2019 | 0 replies
My grandfather was always a loving and generous man, and in his few last years, gifted me and my siblings what is now my favorite building in my portfolio - I call it Brick Beauty.
Paul Chae Hardmoney question for BRRRR
10 February 2020 | 10 replies
Might be obtaining some gift money from family but I guess partnership will still be helpful in many ways.
Matt Campbell Ensuring Proper Analysis of Property w/ Private Lending & Loan
3 October 2023 | 2 replies
He will not have an equity stake in the properties,"  only a relative will gift you unsecured interest only. 
David Martin How to Structure a Partnership with Parents
9 August 2023 | 16 replies
Your parents can gift you $17,000 each tax free.
Parag D. Less than 20% down payment?
22 March 2020 | 12 replies
20% down is a gift.  
Garret Willink Wedding/Rental venue help.
2 October 2023 | 3 replies
It’s a rare opportunity but even more rare is the gifts we would bring to the table along with a sister and brother in law who do photography and videography, a wife who is a florist, and a retired father in-law who was the head maintenance man at a school for the last thirty years that would love to got in on it.
Albert L. TEAR THIS IDEA APART
10 December 2018 | 16 replies
But you[or someone you know] could possibly get a Hard Money 2nd on another piece of property to loan/gift you for the down payment.So do your due diligence, get your loan lined up, make an offer[with lots of contingencies to protect yourself, but not unreasonable so the seller says forget it],  and kick ***!
Jesse Aaron Loan structure/tax advice with loan from family member.
7 October 2023 | 8 replies
There is a de minimis exception.https://www.law.cornell.edu/uscode/text/26/7872$10,000 de minimis exception for gift loans between individuals(A)In generalIn the case of any gift loan directly between individuals, this section shall not apply to any day on which the aggregate outstanding amount of loans between such individuals does not exceed $10,000.