My name is Tes and I'm looking for some advice or guidance on how to properly structure a gift of equity for two homes I'm purchasing directly from my parents.Here are a few details:- There are two properties -- one in Raleigh, NC and the other in Jacksonville, NC.- Both homes are currently owned by my parents and I'll be purchasing directly from them.- These will be investment properties, not primary residences, as I currently live in San Francisco, CA.- I've already started the pre-approval process with a credit union based in North Carolina, but I'd love some help understanding how to structure the gift of equity correctly for investment properties, what documentation may be required, and if there are any specific limitations or tax implications I should consider.- My goal is to close on both homes by the end of the year or early next year.If anyone has experience with gift of equity transactions for invest properties -- especially in North Carolina or involving out-of-state buyers -- or can recommend a loan officer, lender, or real estate attorney familiar with this setup, I'd really appreciate your insight.Thanks in advance!

Thanks for the tips Ashish!

That time frame also prepares buyer in case they need to have a certain reserve requirement or gift funds.There are also some tricks and loopholes that can make or break the transition and the timeline.

I’d love tips from others in similar markets:What platforms or methods have worked best for attracting quality tenants in small towns?

But at what point did you consider yourself at a "tipping point" or at a good spot to invest in a 2nd investment property and how did you go about doing so?

Quote from @Shameka Henson: Hey Ya'll, thank you to everyone for so many informative responses and actually reaching out in text or callsSo I'm getting my first BRRRR ready for the appraisal process and need some tips and tricks.Some tips I've heard - 1. do Not put keyed locks on rooms if you plan to rent by the rooms (put them on afterwards)2.

The good ones notice right away and feel safer.Community touchpoints: Simple BBQs, pizza nights, or coffee mornings help residents connect and shift the culture fast.Reputation boost: Ask your good tenants for updated reviews—offer small gift cards as a thank you.

Any tips and recommendations would be helpful thank you.  

Just be sure the transfer from your mom is set up properly, since how it’s done affects your tax basis and any potential gift issues.

text)-Offer cleaning or linen refresh at 45 days-Send small “thank you” notes or local gift cards for long staysI’ve had guests extend 2–3 times just because they felt cared for.What’s your go-to retention trick?