Matt Roberts
Adding spouse to title
Hello BPers. My wife does not have a two year history at her job but the house is in her name and we would like to get a cash out/refi. I have a two year work history so I would like to add my name to the title. Are t...
Cy Dale
Delayed financing to leveral family members cash
I am a new homebuyer looking to purchase in AZ. I had a discussion about this with my lender but they didn't seem 100% confident in the answer they gave me. My question was regarding using a family members cash to giv...
Mark E
Quit Claim Deed question
Hello,
I had a question in regards to a quit claim deed for a title transfer of property from my parents to my brother who is already married. My brother states that the quit claim deed will hold up in court of law...
NA NA
Gifting/Discounting a Rental Property to Children
Hi, I'll try and keep this short, but I'm a little clueless.BackstoryI own a rental property that I want to sell to my son and his wife. The property is worth around 100k, but I only want to sell it for 40k (the remai...
Cam Smith
If I add a childs name to my house title as a joint tenant how do I use the lifetime gift tax exemption?
Hi everyone, I was thinking about adding my son as a joint tenant to a rental property I own, If I do this it would probably be the equivalent of a $30,000 gift. I heard that there is a life time gift exemption o...
Ali Qudsi
Minimizing tax paid on money recieved to buy a house?
Hi Guys, I was hoping someone might guide me in the right direction. To make a long story short a relative has given me and my wife a large sum of money as a gift and we want to use this to purchase our first Condo/ho...
Michael Terry
Gifted Duplex
It looks like my siblings and I are about to be gifted a duplex. Both units are currently rented (total rent $825) on a month to month basis. The property has been for sale for over six years, price has been dropped f...
Frank Peraza
Tax consequences when gifting an investment property
What the tax consequences would be when gifting a free and clear investment property? Would the Lifetime gift tax/estate tax exemption apply to the donor when conveying a property this way? or this lifetime exception...
Kevin Critchlow
Quit-Claim to Family Trust, with Cash-out Deal. Tax Question.
Hi all,I am looking into quit-claiming my southern California property to my Grandfather's family trust and had a couple questions on any tax situations that might occur. There is $192k left on the mortgage, which wou...
Ley Nezifort
What do you get your tenants for Christmas?
Fellow Landlords, Given our tenants are our main customers, and the fact that the holidays seasons are approaching. I was curious to know how creative you all get when it comes to treating your customers ...