Rachel Leonard
Buying a house to rent to my in-laws
14 September 2024 | 6 replies
If the plan is for them to live in the house until they are no longer able (either they pass away or move to a nursing home), then it may be that you and your husband are paying for all of the repairs and things like replacing the roof...or maybe they will treat it as their own home and simply give you the money each month to cover all of the expenses.I'd be concerned if he has siblings to make it clear that the house is yours (though with the in-laws paying for everything the siblings may see it differently) and what happens if you divorce?
Mak K.
Section8 tenant- kicking out strategy
14 September 2024 | 4 replies
She did not pay her first month due before housing kicked in.we will be sending her non renewal of lease and good chance she will not move and she plays I do not have money to move out (coz her sibling stays nearby). hence we foresee eviction down the line.what would be a good solid reason to do paperwork for eviction notice.
Jagan Reddy
How to put Multi-family LLCs in a trust for inheritance and ownership?
9 September 2024 | 0 replies
Typically one of the owner's children are the trustee of the revocable trust, he/she can take control of the properties, appoint another sibling or sell or do maintain them.Can someone guide me or point me to a legal expert for this specialization in Virginia please?
Erin Hollen
What would you do?
9 September 2024 | 4 replies
You could just refinance the property and use the $ to pay your siblings.
Roberto Westerband
First Lien HELOC Strategy
8 September 2024 | 168 replies
I was guarantor on my younger sibling's student loan a few years ago, and it was 9.6% for only $10,000.
Lara Stuart
Help! Trying not to commingle inherited funds within my trust for new LLC doing PML
28 August 2024 | 9 replies
My 2 siblings and I now have separate trusts derived from Dads (we all get a K-1).
Mary Burns
1031 exchange with related party
21 August 2024 | 7 replies
It is a lot of work to fix up and sell so I thought I would buy one from my siblings or her estate.
James DuBois
Kris Krohn - Is This Mentor Full of it or Legit?
21 August 2024 | 94 replies
His storyAt a young age -and despite having several siblings- he felt impressed that he was going to need to take care of his parents when they were older, so he went forward with that mission in mind.
Jennifer W.
Tenant transition with tenants that know each other - allow early move in?
13 August 2024 | 2 replies
I am currently transitioning between tenants where Tenant A (moving out after 2 years with no issues) referred and is the sibling of Tenant B.
Stephanie Spiker
AD Family looking to purchasing family land
14 August 2024 | 1 reply
The 2nd part of the question would be what is the family situation how many siblings will inherit the property if the property passes, and keep in mind your husband has his inheritance in that property as well, so you should consider that when negotiating a price.If you can I would try to build a quadplex on the property, this is going to be the easiest way to generate money, and the most stable route for future income.