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...
Zach Herbert-Burns
How much money can I transfer to my LLC legally?
Hi all, I am trying to open up an LLC for my first RE deal and I want to put cash into the LLC's account, once I've opened it without any taxation. Is there a limit to how much I can transfer to the LLC's account with...
Connor Mckelvey
First Deal - 8 Days to Close and my Lender is Dropping the Ball
Hi BP! My Name is Connor (long time lurker, first-time poster) and I'm just about to close on my first Investment property!I'm in a very frustrating situation with my lender and this noobie could really use some advic...
Erin A.
FHA Reserves on Multifamily Properties
Hi all,
I'm in escrow on my first real estate deal (ever), a vacant triplex in Northern California. I'm using FHA financing and everything has gone extremely well... until now.
Despite asking my mortgag...
Aliosha Gonzalez
best way to pay for closing cost when buying together
My fiance and I are buying a home. She is the only one on the loan but we plan to be both on title. We will be splitting the closing cost.
What would the best way be to pay for the closing cost?
1. Should I give m...
Account Closed
What is Sweat Equity Taxation in Real Estate?
Sweat Equity Taxation in Real Estate Investing:
Real estate investment is a time-tested method for wealth creation and financial stability. While many investors use cash to purchase properties, others opt for a diffe...
Jeremy Lee
Parents want to gift their portion of co-owned property?
Hey all,My parents and I are tenants in common on a property we bought back in 2007. My wife, kids and I currently occupy the property and the ownership split is 25/75. My parents want to gift their portion of ownersh...
Rodney Smith
How do we utilize gift money / inheritance in REI
Hello everyone! So I have a question (really more of an accounting question) but since many of you are shockingly savvy and have been involved in many deals i'm hoping to glean some wisdom from people who have maybe b...
Jen Hoang
Partnering with someone who has good credit.
I have cash but don't qualify for a conventional loan. If I partnered with someone with good credit, how would that work?
Jane George
Can a cash buyer buy in his mother's name?
I'm an agent in Texas. An investor contacted me wanting to buy a house using his money but buy in his mom's name (her on the deed, not him). She is okay with it and he has the money, I have seen his bank statement. He...