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...

If two people are on title of a free and clear house. After rehab and refinancing and closing the house is titled into one of the two people at the refinancing. There’s no capital gain shown due to it being a cash ou...

I'm working numbers for a deal and one of the options I want to offer the seller is principle only seller financing. Is that legal in Ontario? I seem to remember reading somewhere that there has to be at least 1% or 2...

Hey there, I'm about to close on a flip my grandpa and I completed. The house was bought entirely in his name (non-owner occupied), but we are splitting the profits 75/25 with me getting the larger chunk. Would anyone...

My in laws gifted my wife a lake cabin property. It is currently in her name legally, but remains under the 5 year lien window for about a year which would allow a healthcare provider / assisted living  etc to access ...

Hello all,I have a property in Florida that I purchased and held for the last 5 years under my father's name as he lives in FL (for homestead exemption, etc.) while I live in NY. Long story short, my dad got ill and I...

My husband and I are dipping our toes into rental real estate by renting out the family home that we've been in for over 22 years.We own the home outright.  With 22 years of appreciation, we would be just under the li...

Is there a way for a seller and I to set up a land trust to hold the properties I want to purchase from him and he be able to avoid his capital gain tax?

Ok, so we are just about to sell our single family w/ legal accessory that we bought less than a year ago, and I'm researching how capital gains is going to work.

I have a cosigner on the loan who is in the highest ...

Hi Folks, My business partner and I now have 3 rental properties in both of our names. We have read on numerous occasions that the best thing to do is form an LLC together and transfer the properties into it to mitiga...