Michael Faudoa
Taking over my primary residence
I currently live in a home with my parents. The home is valued at around $425,000, and my parents owe around $287,000 on it. My parents want to turn this house over to me and have me run it as an investment rental pro...
Account Closed
Estate and gift tax in 2016
CPAs and the BP community with input/knowledge/experience with large monetary gifts:New Estate and Gift Tax for 2016Sometime in 2016, my wife and I would like to give my parents a large sum of $40-60k as a gift. I und...
Joe Kim
I need HELP, After vacation, Found Big FLOOD!
FLOOD!My parents went on a 2 wk vacation out of the country.They asked me to water the plants once during the 2weeks. 1 week into the vacation, we came to check on the house and water the plants. Today we came into t...
Nancy Bachety
College housing and gaining residency questions
We're looking for some answers if anyone can offer insight, experience or help.Youngest of 4 children is a freshman in NC. We live and work in NY. We found a house to buy in her college town. She is 18, has worked eve...
Sam Torvinen
Reduced Downpayment with Gift of Equity on Family-Owned Fourplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Duluth.
Purchase price: $300,000
Cash invested: $25,000
Definitely a unique deal! This property is a fourplex and the only...
Rachel L.
FHA loan, currently on deed of a SFH
Hi BP community -
I am a beginner to real estate investing and my goal is to buy a multi-family (maybe 3 or 4 units) by the end of the year. My aim is to buy it via FHA loan and will probably be my first inve...
Talford Thompson
Private Loan vs. Gift
My parents are willing to help me finance my first investment. However, they don't want to incur any additional taxes and thus could only offer $14k/each this year under the Gift Tax exemption rules.
My question is:...
Angie Shires
Future Cashflow and Appreciating
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $45,000
Cash invested: $2,000
We purchased this small 900 sf home from a friend that was building. He replaced the ...
Silviano Gaona
Can I use SDIRA to purchase a home and rent to a sibling?
Hello,Can I use SDIRA to purchase a home (manufactured home) and rent to a sibling?If so, in the future is there any issue if the sibling purchases the home? Can you do a lease to buy option?What if any restrictions o...
Roberto Diaz
Preparing to be a real estate investor.
Hello Bigger Pockets community! My name is Roberto Diaz and I’m very eager to begin investing in real estate. This year I’m working on paying off all debt and saving $1,000 a month, as well as read as much as possible...