This property was given to me as a wedding gift from my family. 

Can he legally kick me back 15k for renovations or could they each gift me 7.5kAlso would it be best to finance for only 65k pay her off do my renovations and then refior just take out the loan in one lump sum.

I typically send a hand written thank you card with a gift certificate to the realtor.

Remember, if the networth is more than 22M, the estate tax has to be paid, and it is 40% max of everything above 22M. 2) couple can chose to gift the properties to children without incurring a gift tax up to 22M, however the children will not get step up basis, thus when they sell it, they will realize a huge gain if the RE has appreciated.

Lately I have entertained the idea that being handy might not be the best quality of a investor.Obviously this depends on your investing goals..But➡️Here is the question.. how can a “handy” or “gifted” builder grow without getting in his or her own way?

Also, if he has to buy it in his name first, how will I be able to pay for half of the costs, since you cannot gift money for an investment purchase?

Hi everybody I don't know who to turn to for some good advice .currently I have a loan of 200k at 3% to my brother on a 11 unit apartment building value is 1.6mil the other portion is mine it was gift from the family estate .I also have a hloc on a Sfr  at 4.25 % I owe about 350k it's valued at 525k.I also have a mortgage on my primary residence I owe 560k its value is worth about 1.5 mil at 4.25 % for another 28 years.I am wondering if I could somehow cash out some of this equity to purchase another rental unit I would greatly appreciate some guidance or if there is someone out there with some the knowledge and strategy to help move to the next level .Thank you 

A closing gift that will be remembered for all those new closings for the future!

Gift funds are available as well for their portion of the down payment. 

The recent correction of about 10% in the DFW market has gifted buyers with a degree of negotiation power, so you have to offset the higher rates with a lower purchase price by coming in under market value.