Christian Bors
What should I do? Late Payment good tenant
So here's the situation.
I inherited this tenant, let call her tenant A, when I first purchased the property back in July. It’s a triplex, I live there myself and rent the other two units. This is my first property...
Zoey W.
Confused about how this would be taxed? (if house was bought with money donated...)
Let's say someone bought a primary residence for 300k but 100% of the down payment was using money that was donated to the person by their parents and that this donated money was large enough to make an all cash offer...
Khari F.
FHA gift requirements
Are there any requirements of the person gifting someone money for down payment on fha besides a gifting letter? i.e docs, records
Jim Stevenson
Private Lender for Down Payment
I'm looking at purchasing a quad for $90k. I have a friend who can supply the 20% down payment. I would then use $30k of my own money to get it rent ready. The way I'm thinking of structuring the loan would be to pay ...
Rene Bee
receiving a house as a gift...
Hello,
My mom received a house through an inheritance last year. She now wants to transfer that house to me as a gift.
What kind of tax issues should I be concerned with in terms of receiving such a gift. The ho...
Tyler Geisler
Lender willing to accept gift funds for an investment property?
Does anyone have a lender they recommend who is willing to work on a Short Sale deal where I would use some gift money as a portion of the down payment. The property is in KS and is less than 50 miles from my primary ...
Chris Syrett
Family loan advise
Hi everyone,I am new to RE and I am looking at doing my first deal. I am looking at purchasing a SFR that has a one bedroom apartment in the basement that I can buy for 60k. It needs about 30k of rehab and the ARV com...
Braden Evans
Client, agent, lender, General Contractor gifting: Does this exist?
Hey curious to get seller/buyer agent or lender thoughts here:
In the RE/lender world, is client “gifting”, a common practice with agents, clients, lenders, or general contractors?
A few scenarios come to my mind:...
Alex Corbishley
Gifts for tenants this year
This year more than ever we thought it would be appropriate to give something to our tenants. If you paid on time all year and had been with us since Dec 2019 we gave them $100 gift card to a local business. Half th...
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
Hello,If I gift a house, what amount will go towards the lifetime gift limit, the amount i purchased the house for, or the current FMV?It is my understanding that the new owner will have the house at the cost basis of...