Mike B.
Shocked! My tenants invited me to their wedding! Response??
Hi all, Well there's always a first for things and for me, it's being invited to my tenants wedding! I was totally surprised by this. They've been in my SFH rental property for nearly 2 years now (and are staying ano...
Calvin L.
How to swap ownership with a sibling?
Hi I own two properties of roughly equal value with my sibling. Each of us own 50% / 50% of each property. What's the best way to swap ownership so that in the end each of us own 100% of one of the propertys? Is there...
Manuel Diaz
Best way to take over parent's house?
My mom has a house that is fully paid off. She wants to pass it on to me. What would be the best or easiest way to do that? (While still alive)
William Curry
Does a gift of equity on a house mandate a capital gains tax?
My aunt is selling me a house in NJ for 400k and it is appraised at 480k. The 80k is going to be a gift of equity. Does she need to pay a capital gains tax on the 80k?
Katie Miller
Do you give gifts to your tenants during the holidays?
Certain landlords feel VERY strongly that they get great returns on keeping good tenants over the years with small gifts given. Other landlords feel that giving gifts crosses tenant-landlord boundaries. What do you th...
Anthony Sinigaglio
Can my parents just straight up give me their house?
My dad and I have partnered up to invest in real estate. His credit is lousy but his house is paid off. My credit is good. Can he just give me his house, and later on I utilize the equity and my credit score for a refi?
Jay Truong
Transfer Property to LLC and Tax on Selling Profit
I have 2 scenarios that I would like to ask on the tax. At this point, I don't know whether I should do it.
1. I want to transfer a property I just purchased to my LLC A on title using the Warranty Deed. I purchased ...
Nancy P.
Tax Implications of Paying Off Mortgage Shared With Son ...
So this is just a what if situation that my family asked me about at a reunion last weekend that got me thinking. We have two kids, and two years ago my husband and older son went together on a mortgage (that son co...
Yern Chao
Maximum "Gifting" to avoid capital gains
HelloWe are considering selling our duplex in Chico, CA but are worried about paying capital gains on our property. I know to avoid this, we could do a 1031 exchange, but we are not entirely sure we want to stay in th...
Jim Stevenson
Is this considered mortgage fraud?
If I take a gift from a friend to cover the entire 20% down payment for an investment property, can I then pay that friend back with a personal loan? Would that be considered mortgage fraud? Can a non-family member ev...