Darren Looker
Grandparents want to give mutual funds to grandchildren
My parents have some mutual funds that they want to give to my 3 kids while the markets are down. All 3 children are minors. What is the best way to minimize taxes in this situation? Transfer or sell and buy back into...
Ryan VanPatten
Helping grandparents rent apartment in Elmira, New York
Hi,I'm hoping to get some help from the community on renting the 2nd side of a duplex in Elmira, New York. I don't live in the area, so I wanted to ask about laws and leases for Elmira.My grandparents have used the s...
Brian K Akamine
Grandparent Gifting $60K for College Education "Leverage Option?"
Does anyone have Legal/Tax advice? I'm crunching some numbers and would like to propose to my mother-in-law who has already allocated in her estate plans to gift our two daughters $30K each (x2=$60K) for their college...
Viki Knowles
Recently married grandparents who are just getting started.
Hello! My husband and I recently married over a year ago. We have both been married before and have six grown kids and two grands between the two of us. We had been saving and planning to buy our own home within the n...
Chandler Howell
Not a RE agent but want to help family sell home- options?
My grandparents are selling their home in a very hot market (Katy) and they said that I can be their agent, only problem is I’m not an agent and it will take too long to acquire the license because they want to sell A...
Dan Snyder
Intent Question Qualifying for a 1031 Exchange
Hi all, I have a question about intent on the property being sold in a 1031. I received a property from my grandparents (sold on deed for $1) in September 2020. They owned the house with no mortgage. The plan was to u...
Tyler Kociencki
First Time Investor Looking at a Small Portfolio
Hi everyone,
I've been looking to get into real estate investing for a while and I believe I have the perfect opportunity to do so. My grandparents have 5 SFRs, all rented out currently for $1k per month each (far...
Michael Keys
My first investment
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $50,000
Cash invested: $8,000
This was my first investment and it was bought in cash, 3bed 1bath, 1010sqft
...
Dennis Kingsley
How do/should i get started at a young age?
So I am 19 years and I have been researching and looking into real estate investing. Just like most everyone at this stage, I have trouble with the financing part. Currently I'm trying to find a property to house ha...
Michael McLean
Purchase propery from family to be used as secondary residence
What is the best method to buy property from my grandparents and save on down payment fees since the property will not be my primary residence? What ways can I lower purchase price but still give my grandparents the m...