Alan Brymer
Why My Heirs Don't Deserve a Dime
I'd like t get everyone's thoughts on handing over one’s wealth to their children and grandchildren after passing away. The practice has infuriated me for as long as I can remember—mostly because:
1) I am not o...
Shawn Knight
Gift Tax Help Needed
Hi, I am working on purchasing my first multi-family investment property (4-units or less) in which I will be owner-occupied. I am needing to receive $200,000 in gift funds from my parents to add the down payment to m...
David P.
More kids then originally told
Hello everyone,
i consider myself a careful and seasoned landlord. Most recently I had a unit for rent and I screened carefully, made them do my smart move application, checked paystubs, bank statements. My smart ...
Jane H.
How to Direct Tenant Who Runs a Daycare
We have a good Tenant who has been operating a daycare, prior to Covid, she had 6 children allowed in the Lease. (State licensed her for 8, but she did not notify us ahead of time about her business). We need to re-wr...
Sam Rust
Investing for Minors
I am one of the managing partners in an apartment syndication deal, and am in the capital raise phase. We are using the 506b exemption. One of my accredited investors would like to buy a couple of shares on behalf of ...
Manuel Diaz
Gifting a property to family
What would be the costs associated with gifting a fully paid off house to your children? I know that you would have to file a gift tax for anything over $14k in a year, and if they were to sell the home they would pay...
Joy Williams
Mortgage Still being paid after owner passed away
A friend of the family lives in a home where the home owner passed away 5 years ago. The HO was the only person on the mortgage. Her husband continued to pay the mortgage through automatic deductions from their shared...
Sherri Li
How should I register for my FEIN
My husband and I formed a LLC to hold our soon to be acquired rental properties. I am now in process of registering for a federal EIN. I put the number of members as 2 but the government website is saying that we wi...
Nicholas Miller
ridiculously high amount of rent
I have a small, one bedroom apartment that was filled by a property management company with a household of 4 ( 2 adults 2 children ). Being a one bedroom 900 sq ft space I thought a household of 4 was a stretch but w...
Rita Oliva
Potential first deal with inherited tenant issues
When buying a buy and hold, how much weight do you give to the current tenant situation? Here are the basics:
Duplex for $30k. Each unit currently rented for $450. The house needs serious updating. I estimate about 5...