Jonathan Pflueger
Down Payment as a Gift and Tax Consequences for California
BP, A family member of mine is willing to gift me $200,000 for the down payment on a owner occupied, conventional loan investment property that I will occupy. The property is located in California and the money is con...
Kurt Stein
Tenant Appreciation or Holiday Gift
Hi BP,
I'm relatively new into the landlord game but I'm trying to set myself apart from the other property managers by providing top notch customer service to my tenants. As the holidays are approaching, I'd like t...
James Piercy
How does received a $50k gift affect taxes?
Hello Everyone,If my mother is to gift me $50k and I set up a payment plan to repay her, how does that work with taxes? I had never heard of being taxed on a gift (silly me). I was originally going to use the gift a...
Tyler Blackwell
Family member wants to bequeath house...easier to be on title?
Hey all,Let's consider a scenario: An older family member is moving to town and buying a house. This person will put a significant portion (50%) down, so there will be plenty of equity in the property. This family mem...
Jeremy Nault
Gifts around the holidays
Curious to hear everyone's thoughts on giving gifts to tenants around the holidays. This is the first year I have done it and I have only had good reactions thus far! It seems like an easy way to help build a positiv...
John Casmon
Do You Get Gifts from Tenants?
Came home from a holiday trip to find a gift package and early rent from my 1st floor tenant. As she's my neighbor in addition to being my tenant, I took this as more of a "neighborly" act than a "tenant" act. However...
Mohammed Ahmed
Grant from Father in law
Hello amazing investors!I have a quick question probably someone can answer me! someone told me that any family or friend can grant you up to $16,000 tax free first of all is this true? and if it is tax free does it f...
Michael Weis
Receiving 100k as a gift
Good Morning, I have someone who will be helping me get my journey started by gifting me 100k. I know they are responsible for tax forms on their end. What's the easiest way to receive the money? Is it as simple as...
Ley Nezifort
What do you get your tenants for Christmas?
Fellow Landlords, Given our tenants are our main customers, and the fact that the holidays seasons are approaching. I was curious to know how creative you all get when it comes to treating your customers ...
Ellie Narie
Are gift taxes triggered if you add a joint owner not on loan?
I'm wondering... if I get an FHA loan and buy a 4-plex to owner occupy, and if I put another person on the deed who is NOT on the mortgage, would gift taxes be triggered? And if so, how are those calculated? If the 4p...