What would be the costs associated with gifting a fully paid off house to your children? I know that you would have to file a gift tax for anything over $14k in a year, and if they were to sell the home they would pay...
This is my first post so forgive me if this wasn't the correct forum to post this question. My friend and her adult son have lived in a SFH together for about 20 years. During this time it has appreciated from about...
So I signed into Audible today and discovered two things:
1) @Brandon Turner apparently updated the narration for "The Book on Investing in Real Estate with No (and low) Money Down," which made me very, very excited....
Hi all,Found a blog post addressing this from back in 2016, but not anything since the major tax code upheaval.In a situation where we'll (husband, toddler & dog - military family) be somewhere for just one year, ...
Seems like prop 19 has passed in California. What's the best strategy with this new law, that will reassess rental property taxes to fair market value, if passed to your heirs. Since the law does not take into effect...
My oldest son will be a high school sophomore next year and we own 20 units on 5 properties and are under contract for another property with 12 units. We also keep plenty of cash in reserves for emergencies and to...
I have a 3-bedroom rental. Is it ok for me to list it as a 2-bedroom with office? Also, can I limit the number of tenants to 2? If it's ok to limit number of tenants, is it discriminatory to not rent to a 2 adult/1...
Hi all,
I am renting a house next month to a current tenant at a different property who wants a bigger place and also wants to move in together with her boyfriend. Both currently have their own places and each have a...
Hello fellow BPers. I listened to a podcast a while back with an investor who exclusively rented to "group homes" (homes which were rented by an organization that provided room and board to adults). Does anyone hav...
My wife and I co-own a house with our adult son. the house is our son's primary residence but not ours. We are selling the house and would like to avoid capital gains taxes. Does the fact that it is our son's primary...