Thomas Lee Nuckles
Grifting $500.00 for leads?
In Va or really in any state are you allowed to gift 500.00 to any person who gives you a lead that turns into a deal? If so would an effective strategy be putting “Will give you $500.00 for any leads that becomes a s...
Natalie Carroll
1031 Exchange on Gifted Vacant Lots
Hi All,
My husband's mother gifted him two vacant building lots earlier this year (March 2024). We would like to sell them and use a 1031 exchange to purchase a larger tract of land that we expect to close on be...
Jordan Wood
Using a third party HELOC for a down payment?
I know this has been discussed time and time again in terms of using your own primary residence HELOC to finance the down payment on an investment property... but what if the HELOC belongs to someone else? Family memb...
Paul Gamber
Do I need a 1031 exchange in my situation?
Hello!I am very new in investing and am confused on whether I need to use a 1031 exchange here:I currently own a condo that my mother lives in rent free. I don’t have a mortgage on it. I bought it for her in 2016 for ...
Tracey Williams
Proof of deposit to lenders
Hi everyone,
I approached a bank few months ago and they insist on 20% down payment for the purchase of a rehab that I was planing to buy & hold. At the time I only had 10%.
The house is back on the market at a ...
Harry Tran
Quit Claim and Lifetime Gift tax
If anyone can provide some info it would be kindly appreciated. My Uncle wants to quit claim one of his properties to me. The property has been paid off and he is basically gifting it to me. Would he be able to claim ...
J. Martin
Xmas/Holiday Bonuses/Gifts - Who do YOU give it to?
A lot of people give out bonuses around the holidays to people that wouldn't normally get tips/bonuses throughout the year. Of course, many send out the picture xmas postcard too, but that's a little different.. Wh...
Cameron Riley
TENANT TALK!? Landlord Going above and Beyond!
- Name a time, you went ABOVE and BEYOND for your tenant!? - My story: This Christmas, we celebrated with one of our tenants, we bought the kids gifts and we have since formed an even better relationship. It wasn’t ne...
Mike Xiao
HELP --Splitting a house with In-Laws, what should i be aware of?
I am in discussions with my brother and sister in law, to pay off the remaining amount due on my mother in laws home. The total amount still owed on the house is $230K, and the home is currently worth about $800K, co...
Lawrence Kaplan
Renting and eventual sale to family at below market rate
I am somewhat new to real estate rentals, but am pretty knowledgeable about taxes. Here is my situation, and I wonder if my overall strategy is sound.I have 2 goals in posting this - first to inquire if I am missi...