Hi, new to BiggerPockets and was not sure where to post this. I am trying to sell a house for my parents in New Jersey who are not citizens of the United States. I am the durable power of attorney and am a citizen. Th...
Hello,We are new here and happy to be part of the community! My husband's parents (55+) are moving to another city (Temecula, CA) and are selling their home in Riverside, CA, valued at $915K. We love this house and wa...
My parents are gifting me their house. Any suggestions on the best way to do that?
Hi guys,So I live in NJ and apparently people are rushing to prepay some taxes. I share a rental property with a friend and we're at a loss as to what we should do here. Any advice?Thanks
My parents are willing to help me finance my first investment. However, they don't want to incur any additional taxes and thus could only offer $14k/each this year under the Gift Tax exemption rules.
My question is:...
I have a home that's being rented since Jan 2020 and but I was living there prior to it. I have a 2nd home where my parents stay. I have since moved with my parents since Jan 2020. In 2019 and prior years I have re...
Hi All,
Working on my first deal and will actually be purchasing a house from my parents as they look to free up some cash and are ready to move on from it. We have been researching the best strategy to go about tran...
Investment Info:
Single-family residence buy & hold investment in Bellbrook.
Purchase price: $300,000
Cash invested: $30,000
3 Bed, 2 bath single family house that is very close to the only eleme...
Hi,Expanding into PM from RE and will be using Buildium. I am trying to set the chart of accounts up so I can run the books for both the RE and PM side of the business through Buildium. For those that are doing this...
I just moved my SFRs out of my name and into individual LLCs. For one property I want to do a 1031 exchange. Does my LLC have to hold the property for 366 days before I can do an exchange? I've own the property for 27...