I had never heard of being taxed on a gift (silly me). 

@Keith AndrewsGain = her share of sale price less her basis.It looks like received her basis in 2008 when it was "gifted" to her.You should consult to see what her basis is.You may want to see if you can invest the proceeds into a qualified opportunity fund to potentially defer the taxes.

You could even get the 20% gift up-front as long as it’s more than 2 months before you start applying for a loan.

Additional labor costs should be expected for any set up like cement floating or installation of hardi backer (cement board, etc) as well as additional labor costs for intricate layouts or details like metal edging or bull nosing stone. 

-and Anna - don’t think of depreciation as a gift.  

I just compiled this list for my clients to help them with their flips and thought I would share with you. Here are twenty local contractors here in Louisville and Southern Indiana. They can help you flip or maintain ...

Hello, I have a single family home in Echo Park (Los Angeles, CA 90026) that I was gifted and is owned outright.

Hey all I just received a gift of $70,000.

Now I'm not going to bore everyone with intricate detail numbers on the purchase of the rehab but I will speak of my own experience with one of my projects here in Las Vegas.I will address the numbers in broad brushstrokes hopefully everyone will get the point.OK so let's use a real-life scenario I bought a bank REO for $194,000 The house needed about $35,000 worth of work The projected ARV was 290,000 The cash required to make this deal happen is 20% down for the purchase which would be $41,600 and $46,000 for rehab, insurance, utilities and VIG, which would puts the total at $87,600.

., its sole member) be subject to any income/gift tax?