Victor So
What is the easiest way to gift a property?
My mother has a condo in the city of Chicago, which is her primary residence. Recently, she stated that she wants to gift me her condo and eventually move into a senior home. As she is getting older in years, she is l...
Manuel Diaz
Best way to take over parent's house?
My mom has a house that is fully paid off. She wants to pass it on to me. What would be the best or easiest way to do that? (While still alive)
Michael Weis
Receiving 100k as a gift
Good Morning, I have someone who will be helping me get my journey started by gifting me 100k. I know they are responsible for tax forms on their end. What's the easiest way to receive the money? Is it as simple as...
Joe Capobianco
how can my dad transfer property to children?
My dad owns a vacant lot in Pennsylvania he doesn't want anymore and asked my brother and I if we wanted it. I'm posting here to find out the easiest way to transfer the property from my father to my brother and I. is...
Hoa Morales-Phan
Gifting/Grant Deed post 1031 exchange
My mom's sister wants to do a 1031 exchange. Vacant commercial zoned lot (unimproved) to a SFR as a rental property. Can she gift it after the exchange to the SFR to say me or my brother? What tax implications woul...
Jason Collins
Best way to pass real estate wealth to your kids?
Just wanted to see what other’s experiences are with passing on wealth to future generations as tax efficiently as possible (both short and long term)? Can you please give examples of techniques that have worked for y...
David Kanter
How to structure help from relative for down payment
I'm looking to buy my first property, and a relative would like to help out with the down payment, providing around $150K. That's large enough that the $14K/year IRS gift exclusion is an issue, and obviously we would ...
Shawn C.
Best way to transfer deed
I have an opportunity to take over a rental from a family member in Texas. They purchased it with a VA loan 2 years ago. They are okay with me assuming it, a wrap around or they said they’d gift it to me. Whatever...
Hao Dinh
Can Donor send gift for Down Payment at Closing table ?
Hello BP!!!I have a buyers that run into a little problem with down payment . I just found out they will get a big portion of down payment as a gift from their relative ( 50k). I have a few questions i hope you guys c...
Michael Plaks
How 0% capital gain rate actually works
"For the first $40,000 of your income, the capital gain tax rate is 0%! You pay nothing!"
Fantastic, but what does it actually mean?
If I have no job and sell a property for $100,000 - does it mean I pay nothing for...