Sandra Holt
Kick back or gift card to listing agent?
Hi Everyone! I just bought a property without an agent and the listing agent, even though he did not take the buyers agent commission, has been guiding me along this process to include drafting the formal offer contr...
Jacob Younger
Accepting a "gift" as a downpayment w/ my FHA loan concerns
Hello,So I am planning on using my FHA loan (3.5% down) for my first residential/multi family property (4 units or less). I would live in one unit and rent out the others. I know it's possible for me to accept a gift ...
Account Closed
Ethics, Gifts, and Value Limitations.
I understand ethical guidelines may be different in different states. I'm very grateful for the help I've received from various agents and property managers over the past year. I'm curious if there are ethical issue...
Matt Powell
Fannie Mae won't allow "gifts" for investments, but what is that?
Hi all,I'd like my first deal to be a buy-and-hold property. I'd considered using the BRRR strategy (buy, rehab, rent, cash-out refinance to 30-year fixed) with a portfolio lender, or have more recently been researchi...
Abdul R.
Bringing cash to US from overseas for real estate
My dad in India who has some cash would like to invest in real estate with me. Anyone knows what is the best way to bring it to USA? Will I need to pay tax on it here in the US before investing? Can he gift it to me? ...
David Wooten
Gifting Equity Question
I've been contacted by someone who lives in a house he's buying from friends. The friends hold the note but are now getting divorced so they want him to pay off the note. The house is valued around 230k. He owes 17...
Casey Rolland
Rewarding Real Estate Agent
Hello BP Members, I need your input and advice. I am very lucky to work with a fantastic real estate agent who caters to investors. She recently sold one of my rental homes and did a great job that she usually does....
Julia Petrac
Gift of Equity for Investment
Hi!
I am new to real estate investing but have worked in property management for 5 years. I am looking at purchasing my 1st rental property from my grandmother. I live and work in Columbus, OH and the property is in...
Brett Hearn
Going on Title with family member repercussions
Hello out there,General question for you all. What are the repercussions for me going on the title of a SFR which my father owns with no debt on the property (currently appraised for 175K. The plan is to fix it up i...
William Bannister
Estate taxes and gifits to Children
Has anyone taken the steps to give there child assets in the form of equity in property? Would it be in my best interest to do this as I get older to get rid of my property without my son getting taxed on it? I alread...