RE Business Archives

WITH most lenders requiring home buyers to put down at least 20 percent — and sometimes, with more expensive properties, an even greater amount — the best gift some people might receive would be help with the down payment.

Under federal tax law, each individual is permitted to give away money or valuables worth up to $13,000 to a single recipient in a calendar year. A married couple could jointly bestow up to $26,000 a year per recipient.

“It really can be $52,000” if the recipient also has a partner, said Mike Maye, the owner of MJM Financial, a financial planning firm in Berkeley Heights, N.J.

And if the gift-givers wanted to spread even more good cheer into the next calendar year — perhaps distributing some future Click Here for Full Video/Article (Members Only)

Check out this just in time for Turkey Day and cold weather checklist.

(Members get to download the newsletter and cold weather checklist by clicking the link below)

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Training for Landlords and Property Managers

How To Get Your Tenants to Ask For a 3 year Rental Agreement

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Close Your Bank Savings Accounts Today!

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Carl Fischer

How To Get Tax Free Income

For The Rest Of Your Life!

and Even After You Die!

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What Kind of Real Estate Should You Buy?

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When You Should Create Your Own Property Management Company

Get All of the Pro’s and Con’s Before You Pull The Trigger

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Weekly Timesheets Forms from the Guys Real Estate Investor Training

ENTER YOU TUBE

Check out this Condo Deal Case Study

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Fannie Mae Offers Incentives to Real Estate Investor Buyers and REO Buyers’ agents can earn $1,000 bonuses on HomePath sales in 2 states

Fannie Mae is once again offering closing-cost assistance for buyers who close on a home in the mortgage giant’s real-estate owned (REO) inventory, but in most states will not bring back cash bonuses it previously paid to buyers’ agents.

Buyers who put in initial offers on or after April 11, and close on the sale of a Fannie Mae HomePath property by June 30, will be eligible to receive up to Click Here for Full Video/Article (Members Only)

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