For those of you who practice holiday gift-giving to tenants, what ideas do you have for a gift? To start:Gift card to a neighborhood restaurant or coffee shopA book (about what?)Gift card to an airline (e.g. my tenan...
I need to know how would you approach the following scenario.
You have a friend that owes your family some money, so he will be giving you 50k. He has the money in his bank account.
Logistics wise, would it be bet...
Roughly a month ago myself and 5 other individuals established a Real Estate Investing Group (REIG). We’ve found a property that will provide a handsome return if we properly apply the BRRR Strategy. Each of the six ...
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...
If my friend buys a house for me in my name and we have a personal loan on the amount used to purchase the home, is there anything illegal about that?As a second option, if we go the route of him lending me the money,...
Question on Gifts and taxes. I have a client, whom has parents willing to gift ~$100k. I understand that the annual exclusion per year is $14k; could you help me understand what this estate tax lifetime exclusion is a...
Hello Folks,
I wanted to seek advise from the savvy investors here at Biggerpockets.
My father, who lives overseas, has 100k in US dollars that he would like to give me as a gift for me to invest in Real Estate. M...
So at closing I always like to bring my partners a gift and personalize it in some way. I started up a new tradition with my partner on this deal with a "golden hammer" with the property address on it. Each flip, we a...
Hello, I currently just bought my first duplex and will be living in the bottom unit with a friend while the top unit is occupied by a tenant. Can I classify my friends rent payments to me as a gift? The total amount ...
I am planing on Gifting a family member some $$ to help them with the purchase of an investment property. I was trying to find out if the IRS has any limits on this and if so how does it affect both my tax return and ...