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...
Patrick Rafferty
Switching Rental Property from Personal to LLC?
Seeking help/advice for what the title suggest. Reading and seeing a lot of pros & cons for moving my rental property to an LLC, getting stuck with what I should do.
For context, I purchased a townhome in my pers...
Corey Meyer
If seller has a mortgage can we still negotiate seller financing?
Greetings Everyone,
Thanks for clicking on my post!
I am in the initial process of creating a "seller financing offer" to a homeowner who is interested in selling a single-family residential home. The backstory i...
Dan Marriggi
Seller wants to stay after the sale
Seller wants to sell her mortgage free home to me.Haven't decided on a price yet. She wants to stay living in the home until her death. She is 80 years young.She will cover all utilities but doesn't want to pay much r...
Brad Swaney
Mortgage questions and refinance questions. Help!!!!
Found a deal that needs to be closed before I can get financing lined up. Looking for advice. I will give yeah my current details. Deal: Purchase price of $45,000. Option 1? I am in a position to close quickly w...
Trent Werner
Portland Eviction Moratorium Experiences?
Since the start of COVID-19 has anyone had a difficult time understanding the eviction moratorium? For me personally, this moratorium has not impacted me too hard and I am curious how other investors/landlords are hol...
Michael Lauther
Transferring personal residence to a Trust
I am considering transferring My personal residence currently owned by Myself and My wife to a trust to benefit my wife and children in the future. I have a 40 year mortgage for $830,000 paying interest currently 2% g...
Aaron Andersen
How to Partner with on Deals
I have a friend/college I've been working with for years in other lines of business but want to partner up with on RE deals. How best do I do that exactly? I've been doing some reading on RE partnerships, LLC's etc....
Whitney Hanson Bollinger
Transferring Home Mortgage to LLC in Texas
Does anyone have experience transferring an existing primary residence mortgage into an LLC to transition the home to a rental property?
Francisco Medina
High Equity SUBJECT TO...Is it possible?
Hello, Everyone.
I have been researching SUBJECT TO, and what Ive notice is that most subject to deals are done with properties that have little or no equity.
Is SUBJECT TO possible with high equity properties, an...