Hello, I’m having trouble wrapping my head around a creative way to borrow money and refinance to pay that person back. Back story is, I’ve done the unthinkable and relocated with no housing or employment lined up, ho...
My grandmother helped my mother purchase a home @12 yrs ago for $50K (it needed a substantial amount of work). Fast forward to present time and my mom has offered to sell the home to me for $100K (currently appraisin...
I put my first offer in on Friday afternoon. Finally heard back from my realtor last night that the sellers received a competing offer over the weekend. According to my numbers, I still have about $5,000 wiggle room t...
So I have been anxiously waiting to get started in my investment career, but my lack of funds has prevented me from just jumping in and buying a home right off the bat, until now. My mom is (finally) moving out of her...
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...
Can anyone tell me if receiving a 1099 on a FSBO cash sale, will create tax problems? Everything I find at IRS.gov seems to be saying its not going to be a problem.
Hopefully someone can help.
Background story:My parent's went though a divorce and my mom owns the house. She doesn't want it any longer and wants to give it to me. She hasn't lived at the house for two years. Unfortunately, my dad is house squa...
Forgive me for the possibly naive question. I recently put my rental property back online for rent and have received a few calls for it already. One call in particular was new to me.A gentleman called me asking questi...
Hello,
My mom received a house through an inheritance last year. She now wants to transfer that house to me as a gift.
What kind of tax issues should I be concerned with in terms of receiving such a gift. The ho...
Hi All,
Let me start with the end in mind: I will produce a $20,000 per month passive income and $5,000,0000 net worth by March 11 of 2019.
1. I have some money to invest starting out 20k- 50k.
...