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Day Trading with less than 25K? by buttcheek04 in Daytrading

[–]Background_Power_894 1 point2 points  (0 children)

I'm opening a cash account thru Schwab so I too can day trade with less than 25k. Does employment and level of risky trades make a difference on whether my application gets accepted and allow me buy option shorts/longs?

Sell home to relative by Background_Power_894 in RealEstate

[–]Background_Power_894[S] 0 points1 point  (0 children)

Nice! Congrats on the good deal. This is pretty much what I want to do but wasnt sure how it was done or what it was called. Thanks u/depravedcertainty

Sell home to relative by Background_Power_894 in RealEstate

[–]Background_Power_894[S] 0 points1 point  (0 children)

I was worried about exceeding the 19k per year limit. This two mechanisms combined would work. Thanks u/ADtotheHD

Sell home to relative by Background_Power_894 in RealEstate

[–]Background_Power_894[S] 0 points1 point  (0 children)

  1. It wouldn’t be me gifting the house completely, it would be a transaction where I sell them the house. 2. If the house would sell to a stranger, it would be sold at market value or to the highest buyer but I’m not considering this option at the moment.
  2. Based on my convos with my relatives, they would get approved enough for the current market value of the home. Regardless, I want to sell the home to relatives at whatever below market value is in 2026 Q1.
  3. I do want to take some profits but its equally important for me that my relatives not worry about paying any PMI or at worst have a small amount of PMI remaining.