This year more than ever we thought it would be appropriate to give something to our tenants. If you paid on time all year and had been with us since Dec 2019 we gave them $100 gift card to a local business. Half th...
Hey BP community. I am trying to obtain a buy and hold multi-family unit in Philadelphia. This is my plan; I plan to receive a gift from my parent which I hope to use as a down payment for the property. Assuming all r...
-- Can you be gifted money for a downpayment in an FHA?
-- Can a friend gift me the money or only family?
Does anyone know the rules about using gift funds for investing in property? I heard you cannot. Does this rule vary by lender, state, or is it federal. Have a client that was hoping to use funds from a parent for thi...
I'm in the process of purchasing a home and looking for some advice or others opinions. I am purchasing a home from a family member for about 150k below market value. My two options are to receive a gift of equity for...
A family member is a foreign person (foreign national living outside the US) and he owns real-estate in New York City. He wants to gift it to my wife and I. We understand that real-estate is a US situs asset so it is ...
My friend and her parents want to create new living space in their huge detached garage (i.e. turn it into a 3/1.5 house), move into it, rehab their house, and then rent it out.They were considering between taking a H...
Hi everyone,
Newbie here to the Bigger Pockets forums, and have a question regarding Gift of Equity.
My parents own a small mixed use building and we are in very early stage conversations about selling it to me f...
Hey guys just some quick questions.
I am looking to buy my first duplex which I will rent out one unit and live in the other. I will be going for an FHA loan 3.5% down.
#1 - What I'm wondering is if I were to borro...
Hello everyone,I wanted to share the details of my first buy & hold investment property, located in Collinsville, Illinois, to see what you all think. The property was purchased from a relative who gifted more tha...