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All Forum Posts by: Ed Blackshear

Ed Blackshear has started 55 posts and replied 71 times.

Multi-Family and Apartment Investing

Post: Help my parents out no money 2 properties owned

Ed Blackshear
Pro Member
Posted
  • Rental Property Investor
  • Liverpool NY/Utica, NY
  • Posts 76
  • Votes 10
Hi, #1 I am a new investor but my parents own 1 house that was inherited for years and just pay taxes on but they don’t live there and needs work but they have no money to pay for it. #2 they own the house out right that I grew up in since I was a child my grandfather paid cash for it so they never had a mortgage but it’s a 2 family home with no Tenant upstairs and no money to fix upstairs up to be livable. MY QUESTION IS how can we accomplish getting them money to fix these 2 places up to bring them cash flow on renting them out with no money? I’ve researched the no money down game a lot but I wanted some expert opinions on what I should have them do.
0 Votes