Amy Silva
Good opportunity that could go wrong
22 August 2021 | 11 replies
Why will sibling only get $100000. and you get $600000?
James Perez
Best way to transfer free & clear land from Parents
5 January 2014 | 10 replies
Dave NA We would be fine with inheriting the land, except that my parents were interested in letting my siblings and I take our respective acreage over because the land is not producing any income and it's just a yearly tax expense to them.
Chris Da
Will Section 8 go broke in the future??
6 October 2020 | 19 replies
The avg Sec 8 household already has a steady migration of parents, siblings, cousins, etc., coming through the household.
Allison Karrels
#AskBP - Private lenders for Buy and Hold investments
3 May 2015 | 21 replies
My siblings and I inherited a 3/2 SFH free and clear.
Marc M.
Pitching Seller Financing for Estate Planning
7 September 2016 | 6 replies
It fell mostly on me, I talked my parents into a getting a trust set up so I knew what would be the outcome of the property's and rental business, when they passed, and so did my siblings.
Jeremy Sicarro
What advisor(s) should I see when co-inheriting rental property?
5 February 2016 | 4 replies
You need a well educated real estate attorney who has many years of experience with real estate partnerships.They will probably advise you to form a LLC (limited liability company)and designate each of you as a partner.I will tell you right now that I don't like 50/50 partnerships because getting into arguments among partners(especially siblings)is too easy.One of you should be designated the leader legally and have the final word on all partnerships decisions.I would advise you to purchase 1% or more from your sister in law and be the dominant partner.It will make things go 1000 times faster and easier not having to run to your sister in law to get her to sign every little document over the next few months and the years to come.Also if she decides to cash out of the partnership she can sell her minority position to you or another investor.The lawyer will help you find a good affordable CPA and new property managers (if necessary).
Fred N.
Buyer Cancels 23H before closing. Case to keep partial Deposit?
9 December 2017 | 22 replies
if you bring it to court and the buyers talk about sibling arguments.... and then breaking the deal with each other.... l look like the victim paying the consequences...I feel like the buyer's agent is hounding me now bc he can’t find them another house unless they get the deposit back...At the end of the day I just want $4,290.30 of the $20,000 deposit to cover the time it was off the market during October & November.
Eileen Murray
New York State’s Roommate Law. Really?
25 January 2018 | 4 replies
So, on top of their “right” to move in members of their immediate family (which includes in-laws, step relations, children, siblings etc) they may also move in someone who is not immediate family.
Tom V.
Trust-held assets and 1031 related-party limitations
3 August 2019 | 3 replies
Hi everyone:I am curious if any 1031 experts could weigh in on the following: I believe that 1031 exchanges disallow "related party transactions" where family members are related parties if they are siblings, spouses, ancestors, and lineal descendants.
Joe S.
How to help my 17 year old son get started in real estate?
27 May 2022 | 19 replies
Also, I am in business with my parents and what changed my attitude(at a much older age) was when they started to involve me in the business discussions, when they told me what each of me and my siblings would be beneficiary of based on our contributions to the assets.