Hi BP community,Does gifting money reduce your taxable income? I know the limit is $15,000 for tax free gift, but does it reduce the gifter's income for that year? Say you make $90,000 and you want to find someway to ...

Has anyone taken the steps to give there child assets in the form of equity in property? Would it be in my best interest to do this as I get older to get rid of my property without my son getting taxed on it? I alread...

I just started my LLC for Realestate purposes and am signing up for a tax ID in order to open a bank account using the LLC. My question is, what if my family wants to give me money to jump start my business. How are t...

Hi All,My parents have decided to make a huge move out of the country (USA). With that, they are seriously considering selling our family home. There are tons of unique things about the property, but without listing e...

So it's that time a year again.  I'm curious what people's experience has been with sending your tenants holiday cards/gifts.      I probably haven't done this for 10 years now but I use to make a point of sending a c...

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 extended family and I own a vacation property structured under an LLC - S Corp, split between two parties and I plan to sell my 1/2 of the property to the other family member, and utilize a 1031 to roll the proceed...

I'm new to the investing world and I am getting my start because of a generous family member. They are gifting me property free and clear of any debt, and we are going to refinance the property and take on a loan to p...

Hi,My brother and I have a property under contract and both of our names will be on the deed as joint tenants with rights of survivorship. Each of us will be providing half of the down payment. However, the loan will ...

So here's the situation.

I inherited this tenant, let call her tenant A, when I first purchased the property back in July. It’s a triplex, I live there myself and rent the other two units. This is my first property...