Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
Hello,If I gift a house, what amount will go towards the lifetime gift limit, the amount i purchased the house for, or the current FMV?It is my understanding that the new owner will have the house at the cost basis of...
Veronica Hennessey
100k to spend. What, where and why?
Hey all!
We are looking at putting some of our cash into out of area investing. We own a duplex in Oregon and have about $100k to pay cash for something out of state. We've been looking at the Cleveland area. We'd li...
Ken R.
Legal requirement in Colorado for days notice before raising rent
We own a number of rental properties in Boulder County, Colorado. All of our leases are for one year. Currently, 60 days before a tenant's lease term expires we decide if we would like to extend an offer to the tenant...
Dametrius Clark
Do real estate portfolios need an LLC?
I’m a newbie and I plan to buy my first property soon but I wanted to know if getting an LLC is worth it? I’m in Cleveland Ohio.
Bobby Trujillo
Stuck Need some advice
Hello everyone, I feel I just came across a great deal. This would be my first deal. I found a property in Denver, CO that would cost me 190 K. Comps in the area have recently sold for 300 to 320 k. I have about 10k c...
Huy N.
septic tank - houston
anybody in Houston ever own a house with a septic tank before? i am in contract to buy one with a septic tank. the house was built 1965 and the system is as old as the house. Not sure what thing to look out for and wh...
Mark Forest
Gutters
It seems no matter how much attention I give to the gutters they are filled and the water is overflowing and doing damage. How often do you all clean the gutters, and do any of you use one of the gutter “no clean” ga...
Wes Mccullar
Vacation Rental Channel Managers
Merry Christmas & Happy Holidays to everyone!! I hope all of you are having a great holiday season. I’m starting this thread to help my wife gain clarity and resolution on some issues she’s having with pricing, an...
Dhruv Anand
How to partner with friends/family as LP in a Syndication Deal?
Hi Team,I searched several keywords across BP and couldn't find an answer to these questions.I have several friends and family members who want to invest along with me as an LP in Syndication Deals.1) How should I str...
Ben Kappel
Treasury's proposal to track bank transactions
I was hoping someone would have started a thread on this already but....
What are your thoughts on the new proposal for monitoring transactions over $600,
and how could this affect real estate investors??