Both I and son have FT jobs W2. I bought land, built 2 duplexes son was general contractor took no pay, all leased. I don't want to pay tax on rental income, should I gift property to him and let him borrow 80% to pay...
I am getting ready to purchase this duplex for the intention of hacking to get out of debt from my early 20’s. The current tenant in there has been in there for 15 years! She’s sweet, kind, doesn’t complain much and r...
Here's the situation. My grandmother is 93 years old and is in assisted living. She has been renting out her house for the last ten years or so with help from my parents. After finally evicting a tenant they've been t...
I've just sold a house in Pennsylvania and offered a seller assist of 3%. At closing, I was informed that the buyer's lender has a 2% seller assist limit. So the house sold for the original agreed upon price, however,...
Hello,
I am a full-time college student at the University of Central Florida. I also work part-time as a substitute teacher. I am currently still living at home but am looking to buy a house to move into and have roo...
Hi,My name is Tamara and I'm addicted to real estate - oops, wrong forum. I am a real estate investor, realtor and general contractor based just outside of Austin, TX. I have been investing in real estate for the las...
Looking at purchasing a foreclosure cash (with help from parents), and then financing the home shortly after renovations are made. 3 questions: Are their issues with them giving me funds to assist with purchase? Will...
I bought a house for $300K in cash 6 months ago that I want to use as a vacation house. My domestic partner gave me $60K as a "gift" and I am adding him to the title. I want to get a 30-year mortgage now and pull my c...
Hi!
I am new to real estate investing but have worked in property management for 5 years. I am looking at purchasing my 1st rental property from my grandmother. I live and work in Columbus, OH and the property is in...
I understand my self-directed IRA LLC cannot accept a non-recourse loan from a parent, but it looks like it can accept one from a sibling. What if a sibling wants to donate a gift of cash to my LLC? Is that allowed?