David Zachery
Buying property from family.
13 January 2020 | 3 replies
how are you paying your relative?
Shahriar K.
foreigner partnering with a US citizen
10 December 2013 | 25 replies
How things proceed from there will depend on you and your relative(s) in the U.S.A are organized and what percentage of the CFBT is attributable to you and will be re-patronized.Assuming you paid cash for the property; it is held in a 50/50 partnership with your relative; and you were bring all of your earnings back to Canada, then the 30% withholding is only applied to your portion (8160) and your relative would be taxed at the rate for US citizens/residents.
Thomas P.
not a gift
11 January 2014 | 2 replies
It will have to be behind the other loan. (2nd, if a loan already exists.)Do your relatives own it in a partnership?
Ben N.
RE License a good idea? And how to go about it?
5 October 2014 | 5 replies
That will be a great problem to have though.Getting your REL is cheaper than most GURU courses, and you will learn some core RE material at the very least.
Michael Devoll
New Member Here Houston, Texas
1 July 2007 | 5 replies
I am not saying that you become the only mortgage broker choice for your relatives.
Alex Silang
RE Agent and a manager in Worcester, MA
20 March 2014 | 0 replies
Also please mention your relation to them.
Louise McEwen
Getting creative with a potential off market flip
19 January 2021 | 6 replies
However, setting the price at an amount above 75% of the home’s fair market value is a good ballpark percentage to start at.If you give your relative a discount of 25% or more off of its fair market value (FMV), you could end up in the crosshairs of the IRS.
Rick Alvi
May be getting sued from someone, should I buy a Primary home?
20 January 2017 | 21 replies
You can use the approach @Matthew Paul recommends but there is no appreciation on money in coffee cans even though I think its good to always have some. keep the home search between you are your relator, better to not add any information to this persons knowledge, not that you would tell them but don't go posting info on your Facebook page etc... of course see what the lawyer says.
Conor Murphy
QUICK OFFER HELP: $660,000 Offer in Brentwood, LA
24 March 2017 | 21 replies
Really your relator should be the one telling you about what contingencies he can put in the offer but I will tell you a couple that are pretty standard that can be used to back out.Inspection and due diligence period contingency, 15 days or whatever you want really during which time you can inspect the property and if you find something you can back out or reopen negotiations with the seller to reduce the price or fix the problems.
Dan Johnson
A Brainteaser, if you're up for the Challenge!
13 February 2017 | 9 replies
Talk your relative into being a money partner rather than loaning you the money.