Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
24 January 2025 | 8 replies
Quote from @Victor Yang:In addition, is it possible for me and my wife to gift 36k worth of equity per year of the house (under the annual exclusion limit) and therefore have none of the costs go towards the lifetime gift limit?
Mike Weigel
Introduction to Bigger Pockets from Austin, TX
28 January 2025 | 4 replies
It sounds like you’ve got a solid foundation with your rental property, and I love the ambition behind your plans to build a property management and maintenance company—it’s a great way to take control of your investments while creating additional opportunities.Best of luck to you!
Jonathan Glumac
Disclosing Sales Agent and Brokerage to MF Development Employer
20 January 2025 | 3 replies
The intent of getting a sales agent license is to educate myself in Real Estate and create some additional income.If your relationship is such that you need to hide your license, you’d be better off with a different working relationship.
Cole Starin
Considering Property Sale
24 January 2025 | 5 replies
My dilemma has been that I've gotten a little behind on some revolving debt that selling this property now could eliminate in addition to giving me cash on hand to trade into some better value or start a new construction duplex project I've been wanting to start.
Mark Lee
First time 1031 Exchange, need QI
29 January 2025 | 2 replies
They charge $1250 for properties under $1mm for a 1 to 1 exchange and if you have another property to move your funds into, they charge $550/additional property.
Nasi K.
AG Rollback form 50-789
27 January 2025 | 0 replies
Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.
Sharma Parth
Feedback on company Offer Geek in Flint, Michigan?
21 January 2025 | 14 replies
Hey Tyler we hate to hear that your experience was negative sincerely we would have hoped that we could have come to a resolution we know that you and your partner had made a request that we do $800 of work that was unfortunately not in your scope of work at the time we had exhausted $4900 in additional work to ensure the property was to satisfaction which included a new hood range upgraded lvp flooring additional framing new window and a paint upgrade from a single color format to a multi color format and can lighting all of which was never in the original scope and unfortunately when we requested that we do the work you declined I’ve attached before and after videos of the home for reference https://www.dropbox.com/scl/fi/h0ddll4cyp5g5gq12o73s/Video-J... always twos sides to these stories..
Lisa Frenette
Rezoning Parcel After Build of ADU to Qualify for Vacation Rental Permit-Santa Cruz,C
28 January 2025 | 2 replies
What zoning code could I request a zoning variance or rezoning that would allow us to have the 2 livable units on parcel, one primary residence and one additional living unit (known currently as ADU)?
Blake Winiecki
Real Estate Side Hustle Ideas
27 January 2025 | 0 replies
My wife and I have one rental unit and are trying to move toward our next property, but still are trying to learn more and find additional ways to make some side income to speed the process.
David B.
“Live In” Flip Advice!!
14 January 2025 | 10 replies
Duplex have different zoning that may permit additional units.