All Forum Posts by: Jonathan M.

I'm considering rolling all or part of an IRA into fully-passive real estate investment funds.

I'm personally interested in single family and small multi family. I'd prefer to invest outside those options. So commercial, apartments, storage, and others. 

Looking for advice on what brokerages or services you enjoy using. Are there any funds/portfolios I should check research?

For generating buy/sell leads, which social media platform do you find most productive?

How are you using that platform to generate leads?

Posts seem a few years old on this topic - anything new or interesting you are using?

I am considering selling my house to my Mom.

Why: She loves the house, most high cost items have been recently replaced (roof, HVAC, flooring), great neighborhood, great yard and epic treehouse.

Concerns: she has poor credit, some debt, and doesn't upkeep things.

I am considering ways to sell / rent to her, but am not an accountant or very versed in transfer of assets on death. Also, she is acquiring a lump sum of money soon that would be enough to buy a house.

My goals with the transaction:

• my Mom gets a great house that I can maintain
• I am advising my Mom to pay off her current debt, but would rest easier if the asset were shielded from liens she could potentially take out.
• Relatively painless transfer of assets on her death to my siblings.

Some options I am considering:

1. Mom pay off remainder of mortgage with lump sum she is acquiring. Have her put an amount of money into maintenance account. I put in place agreement with her to own until she dies (maybe a life estate). I maintain property.
2. Mom fully purchases house from me. I help her create a land trust to put house into, perhaps deed to a LLC.
3. Mom rent house. Have her prepay as much as possible. It's sad, but she is well known to squander money otherwise.

What are thoughts on these approaches? What am I missing? What accounting and tax concerns should I consider?

Thank you for your input!