Haresh Patel
Christmas gift cards for tenants tax deductible?
Hello. Learnt so much from this community. thank you one and all. I have bought 3 SFH in dallas area in last 1 year. come Christmas I am thinking about sending gift cards to all my tenants. can I charge this as tax ...
Mark Smith
Can't Figure Out Financing
I've found a property I would like to purchase, but I'm having a hard time figuring out a way to finance it. The asking price is $120k, and the problem I'm running into is that I cannot use gifted funds for the down ...
Jason Burkart
Gift money for family or buy a rental for family?
Complicated post and I realize this might be more geared to a CPA, but figured I would try here and see if anyone else has come across a similar situation. Will itemize for brevity purposes:- Mother wants to move to S...
Mike Migliaccio
Tax loophole
Does anyone know if partnering with a seller of a multi family building could allow for the seller to defer paying capital gains taxes as follows: I partner with the seller by buying in for a fraction of the fair mark...
Walter Anderson
This was my first deal
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $52,600
Cash invested: $10,899
My first deal, a small buy and hold in south Kansas City. Cash on cash 20.8%.
...
Derrek H.
Using my LLC to sell a house to my spouse - anyone heard of this?
Hey BP Community,
I saw a video on Youtube by a BRRRR investor who said he was able to get money out of his BRRRR in just TWO MONTHS with his strategy. The LLC he controls bought a property for $140k and put $15k of ...
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...
Erica France
Holiday gift ideas for tenants
For those of you who practice holiday gift-giving to tenants, what ideas do you have for a gift? To start:Gift card to a neighborhood restaurant or coffee shopA book (about what?)Gift card to an airline (e.g. my tenan...
Chris Wilson
HELOC (not in my name) financing investment property
Is it possible to purchase an investment property (duplex) in my personal name with funds from a HELOC that is on someone else's property (ie. parents / friends / investors)? Logistically, I assume I cash the check f...
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...