Michael Pittman
Tips on working with a New Home Builder
1 April 2018 | 1 reply
I dont know about you, but thats preety easy money. so why not gift or provide 1-2k to a client to sweeten their deal, Imean they did just line your pocket, and save you time. ;-)Anyway, this trategy is based on what works in my market. tweak it and make it work for yours.
Ezra Harris
Is it helpful to be handy?
31 August 2019 | 131 replies
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?
John Lupo
Not to sure who to turn to for some good advice
14 June 2015 | 2 replies
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
Josh VanAusdale
Can you use a personal loan as a downpayment on a rental property
6 August 2018 | 7 replies
In many cases, what people do is get the money from a relative, or friend, give the bank a gift letter from that person, then turn around and pay that person from the HELOC.
Thao Le
Commercial loan for a multifamily building.
13 February 2017 | 4 replies
how about gift from family?
Allen Lopez
Can I get a loan zero down?
13 June 2021 | 6 replies
Gift funds are available as well for their portion of the down payment.
Peter Schuyler
Buying house for Child to help with In State Tuition Costs
16 December 2016 | 66 replies
Wow, popular thread...I only read the first page, so I don't know if this has been addressed, but in my opinion, everyone who posted on page one missed a very important factor: Taxes.I'm not a tax professional, and maybe there's a clever way to get around this issue such as a permanent trust, living trust, etc. but I'm fairly certain that she'll have to pay income tax on that house you are giving her for the amount that passes the gift exemption.
Thomas Clinton
Beating the competition before an auction takes place in TEXAS
3 January 2018 | 7 replies
If you pay the back taxes on a property you have done nothing but given the property owner a gift.
Brandon Brooks
Making offers as an agent.
29 July 2020 | 9 replies
Some sellers are not privy to the intricate details in real estate transactions and going in with a better strategy might fit your end goal more precisely.
Flora Granter
A disappointed newbie in buying SFH
5 January 2017 | 8 replies
Some things that come to mind are adaptations to some things buyers might do in a competitive bidding environment: Submit a letter of explanation to the buyer's agent explaining how you love the house and will find the perfect tenants/next owners/etc.Be the first and best offerPresent a no-strings-attached gift with the offerI'm curious to hear other suggestions.