Lisa Platt
How to Compensate Someone to Take Care of Rentals While I am Gone
My husband and I will be going to Spain for 2-1/2 weeks. We have a total of 10 rental properties. We have a friend who also has rentals, and is willing to be our emergency contact person for our tenants while we are...
Patrick H.
Quit Claim Deed Transfer Tax and Basis
The property is located in California.
I am filling out a quit claim deed for property that my brother and I have in joint tenancy. He will quit claim deed his portion to me.
1)
For the transfer tax calculation,...
Tom Beck
1031 Question Regarding Taxes
Can someone answer this Hypothetical question for me regarding 1031 and Taxes.
Scenario
Lets say my Father bought a property for 1,000,000 and Sold it for 2,000,000
1031 Exchanged the sale
Bought two properties fo...
Sophia Villebro
Good or no good - potential self creative financing strategy
Hi! I am tryin to figure out a creative way to help both my buyer and myself (as an investor) in purchasing a home and using it as a long term rental. This may be a high risk in itself just because they are people we ...
Aaron Barrett
Transferring/gifting property
My mother is near the end of her working life and wants to get rid of her 3 rental properties/duplexes. Our thoughts are that she could transfer/gift them to me to take over and I would in turn split the cash flow wit...
Mandeep Randhawa
First purchase and very new to this all...
Before I start, I am very new to all this so take it easy on me. :wink:
I currently live with my parents and am looking to buy a 4-plex. The agent is a good friend of ours. I don't have a problem with the actual ...
Darina Pogodina
HUD multi in Boston and Gift money for downpayment
Hi Everyone,I am working on my first deal. I got the property under contract. It is 3 units in Worcester county, MA and it is a HUD deal. Financing through FHA 203k. I don't have all the money for downpayment and clos...
Anna Dube
Gifting Property / Transferring Ownership
Hi!I'm interesting in learning how a property can be gifted or transferred. I'm assuming I'll need to speak with an estate attorney so I also welcome any recommendations for one in Washington state or Texas. My paren...
Lori Mills
Re: tenant water shut off for one night
question: How should you compensate a tenant who's water you had to shut off for one night because it was very late and your handyman could not fix a leak in the water heater hose until the next day? Feeling bad and e...
H Simpson
Christmas Gifts For Tenants
Do any of you give Christmas gifts to tenants?
If they are "good" tenants, I'll hand deliver a gift card from the local grocery chain. They can use it for gasoline or groceries. Depending on the tenant, the denominat...