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30 April 2019 | 64 replies
Later on, with her estate planning, she gifted over her portion.
26 April 2019 | 10 replies
@Brad De VriesSome considerations:1) If you are planning to use a conventional lender, your parents would have to "gift" the down payment to you as you cannot borrow the down payment (it's your "skin-in-the-game").2) Capital Gains tax is a federal mechanism.
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24 April 2019 | 2 replies
There are limits on gifts each year, so you don't want to get hit with a big tax bill for doing it the wrong way.
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25 April 2019 | 5 replies
It is clear that you cannot accept gift for buying investment properties.
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18 July 2021 | 6 replies
I'm getting married in July and my fiance and I have set a goal to buy our first rental property within our first year of marriage as our "Anniversary/wedding gift" to ourselves.
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24 April 2019 | 5 replies
One of my close friends (best man at my wedding) have me $30k as a gift.
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27 April 2019 | 24 replies
If it was the PM then I think you shouldn 't make her make a copy, but go for the changing the locks plan and have a proper notice and maybe even compensation like a gift card or thank you letter.
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25 April 2019 | 0 replies
My grandmother is sitting on about $26,000 and knows I just began investing in real estate so she is offering to "gift" me that if I buy a SFH that also has some kind of coach house or apartment on the property (this way I would be close if she needs assistance, but not too close where we are actually living with each other).I'm having a hard time finding these types of properties in suburban Illinois.
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30 April 2019 | 9 replies
If this agent has a good reputation, good contacts, has done a good job for you in the past, you plan to use them in the future and especially if they work with other investors who are competitors, I would think it would be a good idea to be upfront and honest with them and explain the situation.You could offer to give them the listing on the back end, or when you have the conversation with them you could say "I appreciate your efforts so I wanted to do something for you, it's not much, but hopefully it's enough to let you know I care and value your time, I really hope we can find another deal in the future together soon" and give them $500 in cash or a gift card or something...
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30 December 2018 | 10 replies
Last night after a long day of work and trying to buy a couple Christmas gifts for the kids (I am so behind) I got emailing/texting my property manager about an idea to leverage some staging I did at my apartments into a full on furnished corporate rental option....simultaneously I was emailing back and forth with my contractor about our rehab project....while simultaneously updating my website, tracking invoices, preparing financials for my CPA....and eventually at 12:30am I threw in the towel on getting up at 5am to get my run in (also training for my 23rd marathon).