If you have a family member or friend that works in real estate, whether as an agent, mortgage broker, real estate investor, or title officer, you may be stumped as to what type of gift to buy for him or her. Below...
I am still new to the real estate investing world. And before I found out about my father's move I was already planning on investing in real estate once I learned more and got myself in the position to start. But yest...
Complicated post and I realize this might be more geared to a CPA, but figured I would try here and see if anyone else has come across a similar situation. Will itemize for brevity purposes:- Mother wants to move to S...
So this is just a what if situation that my family asked me about at a reunion last weekend that got me thinking. We have two kids, and two years ago my husband and older son went together on a mortgage (that son co...
I am planning on buying a house with my parents. We are looking into ways to finance it with <15% downpayment. I currently have a primary residence that I share with my boyfriend and my parents have never bought a ...
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'm new to getting loan for my investment property. Recently signed a contract to purchase a duplex in TX. Most of my downpayment is in stocks. My family member gifted me a lump sum of money (because I want to keep se...
Hello,So I am planning on using my FHA loan (3.5% down) for my first residential/multi family property (4 units or less). I would live in one unit and rent out the others. I know it's possible for me to accept a gift ...
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...
situation: Friend is considering giving another friend a house, they have no family relation (but are close like family-obviously) ..... before proceeding they're both asking if there is a gift tax or any tax implicat...