Peter Ulstad
FHA Loan - Does all the cash need to come from one person?
My fiance is looking at buying a duplex with an FHA loan. I already own a property (purchased with an FHA loan) and we are planning on moving out of my place and into hers. My question is whether or not all of the cas...
Richard Pallarino
Funding for an Airbnb
Hi BP Fam! My brothers and I are trying to buy an Airbnb in Florida. We keep getting stuck as we have the cash to put 10% down plus closing costs and 6 months worth of reserves. However, we don’t have it in one accoun...
Jason Switherspoon
Do I have to pay gift tax on a discounted house?
My cousin had her house appraised for $275k. She is going to sell it to me for $235k. Are there tax implications that I will have to face as a result of the discount?
Justin Johnson
Borrowing Money from Family/Friends for Downpayment
I have talked to several banks about the possibility of borrowing money from friends and/or family to come up with the difference needed to make a downpayment for a house/multi-family property and would just pay the f...
R Oliv
Tranferring property to some1 by adding to Deed
I have a condo in NJ which I bought for a brother 10 years ago, using his money. Now he wants it under his name. He wants me to add him to the deed and then do a refi on his own to pay off what's owed, and take me out...
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...
Sergio De Hoyos
Gift of co-inherited property. How to solve this problem?
My grandmother is offering to gift me a property she co-inherited with a disabled person. To make the story short, she inherited 80% of the property from a friend she helped through her illness for years. My grandmoth...
Benjamin Papet
Client/Agent relationship and expectations
Hi, BP!I am a beginner investor in the Denver area. I have been working with my agent exclusively for about two years now and I am about to close on my 4th property in a few weeks. She's told me that I was her "best" ...
Devin Duval
Finding funding using gift funds for down payment
Hello BiggerPockets family!I am looking to purchase a duplex for $230,000. The ARV of the duplex is has been appraised at $323,000. I the I'm trying to find financing for 80% of the purchase price. I am having 20% of ...
Ratna E.
Lender's req on borrowing money for investment property
Hello BPers,I can't thank BP enough for the motivation it gives me every day to pursue my real estate dream. It is a great platform to learn and be motivated.I'm in a situation where I'm under contract on a SFH and I'...