Heather Fullerton
Best way for my mom to gift me her condo w/o capital gains tax
My mom bought a condo for 150,000 over 10 years ago. Probably worth 190 today. She has rented it out for several years and now wants to give it to me. Shes figuring she will have to pay about 30,000 in capital gains t...
Chris Bingham
cosigners for tenants with no credit history but great income?
How do you structure a cosigner/guarantor for a tenant (recently graduated student) that has zero credit history, but who has excellent verifiable income.
Mark P.
Lawyer recommendations for St. Louis
I'm a new board member of an HOA. The President of the Board is not fulfilling his duties, yet he is a majority owner of the building and is the permanent President of the Board. He is refusing to cooperate with othe...
Jodi Gauthier
Interst Rates Minimum
This very well may be a stupid question, but I'm putting it out there.....When purchasing a home from a seller through owner financing is there a minimum interest rate we as investors are required to offer to comply w...
Matthew Free
Moving a Property into a LLC
Recently pur hased our first rental.How do you properly move a property into a LLC without triggering a "due on sale" clause or creating other unintended consequences?I am talking with an attorney tomorrow but how ha...
Chris G.
Student housing insurance
If someone owns a rental unit that will be occupied by students; is there anything that should be disclosed to the insurance company? is there different type of insurance for units occupied by adults vs. minors? Can t...
Zachary McDonough
The most underrated asset class
Hey, guys! I am an agent-investor who often gets asked about the types of properties people should consider buying. Usually, I break down what a buy box is. In case you're not familiar, a buy box refers to your specif...
Aaron Hunt
Can you gift part equity of a home each year to avoid gift tax?
Question for RE / tax gurus:If a property is worth $100k, can two parents gift 50% equity of a property to their child and their spouse in one calendar year (2018), and the remaining 50% of equity the following calend...
Matthew Tanis
When to begin eviction process
I recently purchased a duplex with 1 long term tenant, 1 shorter term. It's in a recovering area and rents are reasonable. Our short term tenant had a third party paying their rent before, but this is the first mont...
Spence O.
To flip or to hold - Trenton NJ
So, I will be closing on my 1st investment property soon. I saw the property the 1st day it was listed, while at the house speaking to the agent she literally was receiving offers for the house and the phone was ringi...