Would the lifetime gift and estate tax exemption applies to quitclaim-related transactions? In this case, the lifetime exemption hasn't been used at all.

Hello BP forum, I've been doing a bit of research and keep running into obstacles. Here's my scenario:My retired parents (who live in another state) would like me to take over their mortgage. Ideally the want to give ...

My wife and I are buy and hold investors and we are taking the leap! My wife will be quitting her full time job to manage our rental properties and stay home with the kids. In the intermediate and long term we will be...

My father wants to sell me his property for $1. It's a paid off 3 unit that I would like to 1031 exchange for something much larger and I'd like to pay him back.  He wants to avoid taxation of selling it and he wants ...

What’s your thoughts on using the powerboost feature? Any tips or tricks do you guys use with this tool. I have been playing around with it but not sure what the best way to use it to get the most bang for your points...

So the winner of the latest Powerball in California hasn't come forward to claim their winnings yet.Powerball WinnerSo I started thinking about this and day dreaming about what I would do with $40 million.  Would I re...

Hi BP community,Does gifting money reduce your taxable income? I know the limit is $15,000 for tax free gift, but does it reduce the gifter's income for that year? Say you make $90,000 and you want to find someway to ...

We decided to sell the townhouse in Aug. After 3 months post there’s no good offer. How much I should pay our agent for all the efforts she put in selling this house if we decided not to sell now?

Some background he...

My husband and I are in the process of purchasing a home for cash, and my daughter (who has pre-qualified for a loan) wants to live in the home and take out a loan to pay for it. We are going to ask the seller if it's...

I am about to close on my first "off market deal" that was referred to me by an agent that I just started working with. This deal should be a great investment for me (fingers crossed). The agent referred me the proper...