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Hello Everyone,If my mother is to gift me $50k and I set up a payment plan to repay her, how does that work with taxes? I had never heard of being taxed on a gift (silly me). I was originally going to use the gift a...
Hey all I just received a gift of $70,000. I prefer to live in NYC and house hack a multifamily but its still too expensive. I was thinking of anywhere within 40-50 miles would be next reasonable option. Any suggestio...
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Hey there, first time caller, longtime listener here.I have a tricky question regarding medicaid. My father wants to help me build my business by getting a VA loan with me (he's a vet, Im not) and we will have a tena...
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Has anyone received a loan from Ashwood lending co?
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Hello BP,I have a prospective tenant that have applied and their insurance company will be paying the rent since their home had a fire. I have received a W9 form from the insurance to fill out. Is that normal ?Thanks!
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I am buying a 4 unit property. Currently 2 of the 4 units are rented near but slightly below market rate. The owner stated he could deliver the units empty if needed. I do not plan on doing major repairs at the moment...
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Question for the landlords out there:My family and I just moved into a condo (that we are renting) but we learned on the first day we arrived that a gas leak upstairs had caused significant damage to our kitchen. As a...
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I don't know if this is the correct subforum to post this in, but I can re-post it if needed.To preface, this conversation, I am located in Houston. It's boom time right now in this city, and property values are on fi...
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I recently received about $300,000 in inheritance money and am looking to start buying rental properties. Homes are pretty cheap in my area (Spartanburg, SC), most decent homes are going for around $80,000. My questio...
I'm a new builder and I have been approached with the possibility of receiving two city lots in a small town near Houston TX. I have heard of builders receiving free lots so that they could develop them and create a t...