I am buying a property that I will serve as a new home for my nephew. It's a foreclosure, needs minor repairs and does not qualify for FHA etc and he does not have the 20-25% down needed to do the deal. I will be buy...
Well, we are getting around to the most wonderful time of the year and that means tenant Christmas gifts. I know some Scrooge like landlords skimp on this but I am convinced that Christmas gifts build good will and ar...
My aunt and uncle have named me beneficiary in their will. They were going to sell their primary and buy something cheaper. But have since decided to stay where they are. The property is free and clear. Property was l...
Hi everyone, my name is Carsen. I'm planning on getting into my first multifamily house hack this year in Lincoln, NE, with gifted money. My grandfather recently passed away, and some money has been given to my parent...
Here is the situation:
I am 20 years old, I invested in bitcoin at $7000 a couple of years ago, I'm planning to cash out soon in order to pay off my student loans (64k total between both me and my fiance). Me and my ...
Hi,After contacting a few lenders I’ve realized that the down payment money can’t be a gift. Does anyone have an idea how rigid is this rule and if there is a way to work around it. I did receive funds from my parents...
Hey curious to get seller/buyer agent or lender thoughts here:
In the RE/lender world, is client “gifting”, a common practice with agents, clients, lenders, or general contractors?
A few scenarios come to my mind:...
I'm selling a property that is closing this week and want to send appreciation gifts to the contractors who worked on the house. I did a little experiment on this property and did my first "virtual" rehab". I paid ...
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?
I've tried to make this as brief as possible to avoid boring anyone to tears, so please ask any questions you might have. I'm trying to determine the best way to structure this real estate deal with my father-in-law(F...