Long story short, He is no longer answering any calls, texts or E-mails.

There are personal tax considerations, the structure of the investment (sole ownership or ownership with a partner), personal comfortability with risk, the loan products you have access to, personal income, personal debt to income ratios, property income, state of ownership (different states have different rules on transfer tax), and even the future strategy you are planning on taking with your investments etc.

If you own the properties personally or in a single member LLC, then you'll report them on Page 1 of Schedule E.

You are basically transferring basis and transferring gain.

When she gifts the real estate to you she needs to furnish your CPA with an appraisal for the property and you pay Capital Gains tax based on your mother's purchase price if you sell the property any time down the road.If you are asking about how to acquire three properties with some sort of transfers and/or loans we nee a lot more information e.g. the purchase price for each property, down payments, rental income, expenses, etc..

I've never done it, but see if you can get a zero interest card and transfer the balance to that.

Location: Florence, SCShort Term Goals: - Purchase 1 SFH property by end of the month, convert to a multi family, rent out- Complete my business planPersonal Development: - listen to all BP Podcast episodes starting from Episode 1 (currently on Ep. 25)- listen to Rants & Gems podcast - re-read The Book on Flipping Houses and ABC’s of RE investing- read Estimating Rehab book and the E-Myth- utilize @tuckermerrihew resourcesBiggerPockets Goals:- get at least 3 responses on my first two posts- improve deal analysis accuracy on the BRRR calculator and Rehab estimatorglad to contribute to the community

@Dave E.

@Dave E.

But the largest blunder I've seen, about 30 years ago my parents had a PM transfer title of two properties and then borrowed against them.