Tyler Geisler
Lender willing to accept gift funds for an investment property?
Does anyone have a lender they recommend who is willing to work on a Short Sale deal where I would use some gift money as a portion of the down payment. The property is in KS and is less than 50 miles from my primary ...
Sarah Hunt
Need advice about qualifying for loan
Trying to buy a property with my partner. I have the good credit and they have the down payment. However their credit will not allow us to qualify for traditional financing. What are your suggestions for financing?
Inderpreet Singh
Transfer to LLC [Prevent Liability] without "Due on Sale Clause"
I have a multifamily property that I closed - residential investment loan. My real estate planner suggested creating1. Create a Limited Liability Corp [LLC in my state] and recording the deed into Commonwealth.2. Sinc...
Jeremy Lee
Tax implications gifting a 1031 property
Hey all,I was curious about tax implications regarding the condo I live in (primary residence since 2007) that I co-own with my parents (1031 exchange). They had a prior property that they 1031ed into this condo (and ...
Yul G.
Deal Analysis
Hi All,
Became an instant fan of this place soon as i stumbled into it and have already picked up a vast amount of knowledge. I wanted to present a situation I am currently going through to see if I could get some gu...
Jorge Macias
California tax options
i have a property in trying to get assumption of loan from family member. I'm not on loan or title and I'm approved to re finance loan to my name but house in California has over 100k equity. Family member has to sign...
David Kanter
How to structure help from relative for down payment
I'm looking to buy my first property, and a relative would like to help out with the down payment, providing around $150K. That's large enough that the $14K/year IRS gift exclusion is an issue, and obviously we would ...
Patrick Crotty
Gift Tax and Lifetime Exclusion
Hello BP world, I may be in the fortunate position of being gifted a plot of undeveloped land. The donor and myself are wondering if there are any ways to circumvent the gift tax that would come with the transfer of o...
Austin Davis
Appropriate gifts for hard work
Good morning BP!I have heard quite a few times on the BP podcasts to "take care of people and they will take care of you". I just closed on my first properties yesterday and it needed to close yesterday or it wouldn'...
Vennessa Shuler
Buying An Investment Property From Family
My hubby and I are purchasing my mom's home as an investment property. I'm trying to maneuver the best way to obtain a conventional loan without having to put 20%+ down to the bank. Possibly, by having my mom 'gift' p...