If a parents home is paid off and they want to give it to a child is simply gifting the real estate the best way to go?
I’d like to share my adventure with a Series LLC. This was recommended by my attorney and after more research it seemed like good route to take. The first series was set up in October 2018 and my bank, First Commer...
Can't load Bigger Pocket Kindle books in Amazon Kindle in Tablet but if purchase same book from Amazon no problem.
Hi all!
Property location: Mayfair Philadelphia
Situation: Both mother and son are alive. Mother paid off mortgage 10+ years ago on a house that is currently used as a rental. Wants to transfer to son completely. Qu...
I am considering renting to a couple who have a very recent bankruptcy on their record. Their adult child asked if they could be on the lease and they would be responsible to pay the rent. The parents would be the oc...
Situation: Two adults, two children. The two adults are parent and child (over 18), both are on the current lease. They were inherited tenants, and have been EXCELLENT tenants almost always paying on time like clock...
If a child is buying a rental property owned by their parent for cash, what would be considered fair market value? And how long would they have to wait to refinance after the cash transaction took place? Thanks
I've. Even trying to figure out what banking and cash management strategies works best for landlords. Newbie here and working on finding my first multi family deal. Got tons of +questions, please bare with me. Do each...
I'm just learning about hiring my children and the tax benefits. I think I understand how to do it, but am confused on one point. I'm reading online that we can hire a child up to the age of 22 but my CPA said 18. Can...
Throughout the internet, there are too many contradicting responses by CPAs on teen kid's pay for assistance in parents' rental business work. Brandon Hall Vs. Mark J Kohler to name a few. One says that W-2 is needed ...