Eric Bailyn
Gifting Single Family Residence to Son: Any tax implications?
Hi Everyone!
My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...
Brian K Akamine
Grandparent Gifting $60K for College Education "Leverage Option?"
Does anyone have Legal/Tax advice? I'm crunching some numbers and would like to propose to my mother-in-law who has already allocated in her estate plans to gift our two daughters $30K each (x2=$60K) for their college...
Mike B.
Housewarming gift for new tenants?
I finished reading the BiggerPockets guide to rental property management and the author said he likes to give his tenants a housewarming gift upon move in.He said a shower curtain, soap, towel, roll of toilet paper, e...
Breelon Bryant
Gifting for a deal possible?
How does someone “Gift” you money for a mortgage and receive interest like a loan? Is this possible?
Kevin Brown
How do I use cash to cover my partner's equity?
I'm planning to partner with my son when he turns his current house into a rental. We'll be 50/50 partners. If he has 50k in equity, how do I legally get 25k to him to cover half the equity and not trigger a gift ta...
Sam Torvinen
Reduced Downpayment with Gift of Equity on Family-Owned Fourplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Duluth.
Purchase price: $300,000
Cash invested: $25,000
Definitely a unique deal! This property is a fourplex and the only...
Austin Smith
Lead Generation - How to provide incentives?
Hello BP family! This question is for my fellow real estate agents out there.
When first starting out in the business, obviously friends and family are an immediate outlet for referrals and leads.
My question is, ...
Joel Owens
Is this a good flooring price for rental rehab??
Lowe's is a running a deal that ends tomorrow.
Lowes flooring event
The prices seem really good.So my rentals on my apartment need new flooring to get rent ready.
I know I have to pay attention to the total cost.Ex...
Jim Sestito
Thoughtful Tenant Gift Ideas
Hi BP,
We all know the stress that 2020 has brought upon us all. I wanted to get a small gift for tenants. Something that just says thank you for hanging in there and things will be better!Let me know any ideas you...
Thomas F Blaskey
1031 vs Gift vs Sale
Seeking informed opinions on the best tax avoidance strategy...I own a SFR in NoDak. I purchased it ($265,000) in 04/2022 for #2 son to live in while he attends college. I have been deliberately managing it as a ren...