Using the lifetime limit, you'll have to file a form, annual gifting below $15K needs no filing.The advantage of using the FMV is Conrad will have a higher basis for depreciation and when he finally sells the property lower capital gains.As to imputed interest, in our case, my M-I-L didn't want or need for us to pay it, so it's her decision to refund it as a gift.

In 2005 I lived in Michigan and we were experiencing a huge crash in economy, building real estate...In 2007 I took a job in Southern California.

@Patrick M. I

This is a summer rental on a lake in southwest Michigan. 

I will be working in Lansing, Michigan for the next three years and will be paying for the mortgage on the Armys dime (Basic Allowance for Housing).My biggest question for everyone is outside analyzing properties that are similar in the area, hoe do you determine how much rent you van charge?

@Eric M. I

@Steve Vaughan @Mary M. I

@Greg M. I

Investment Info:

Large multi-family (5+ units) buy & hold investment.

24 Unit Multifamily. Value add property purchased with 14/24 occupied. Master Lease at closing provided full economic vacancy until r...

Investment Info:

Large multi-family (5+ units) buy & hold investment.

33 Unit stabilized property with under market lease rates. There are also +/- 3000 sf of building on the property that is under utili...