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24 June 2020 | 12 replies
None at all, personal (unlimited or limited), corporate (single entity, a few locations, full parent company), or both business and personal?
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18 June 2020 | 0 replies
Both our parents were living in apartments that were not good for them.
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27 April 2021 | 8 replies
Both our parents were living in apartments that were not good for them.
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20 June 2020 | 2 replies
Once in Florida our first focus with be finding our home which I want to have a main home and a guest house I can rent or have my parents be snow birds.
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25 June 2020 | 5 replies
Trying to secure a way to finance before I start making offers again.Value of property will be low 200s.Rent will be 1.25 DSCR or more.I currently have one rental property I purchased last year that cashflows $425 before capex/maint which I do myself anyway.Hard money is my last option to explore.My wife will cosign, and I possibly could use my parents, but have little to no interest in doing so at this point in my life.Thanks for any insight/help you can offer.
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23 June 2020 | 9 replies
I have a 5% investment with my parents in a commercial property.
22 June 2020 | 2 replies
You may consider gifting them cash so your parents buy the house in their name, and you get a step up in basis when they pass.
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22 June 2020 | 1 reply
Our entity will partner with their PA LLC under one parent PA LLC.
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9 July 2020 | 41 replies
My feeling is that these folks often are subsidized by parents with money, potentially cushioning rental rates.
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24 June 2020 | 29 replies
@Chris BellKeep in mind that in order to take a distribution or loan under the CARES Act you must have been impacted by the virus in one of the enumerated ways.Distributions:If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.