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26 December 2020 | 0 replies
My goal is to have one LLC act as an overarching parent company that would oversee and contain other LLCs holding either small groups of properties or individual properties based on the size/risk of those investments.
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26 December 2020 | 0 replies
After one month due to covid I decided to rent it out due to my parents needing financial support.
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26 December 2020 | 0 replies
Looking for advice on buying a property and then renting it to Parents.
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27 December 2020 | 0 replies
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 h...
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31 December 2020 | 8 replies
I utilize a parent LLC, who goes into JV's (joint ventures) with others on specific deals.
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4 January 2021 | 2 replies
Im reaching out to the BP community because my wife and i are entertaining the idea of buying a second home, possibly with some property to accommodate my elderly parents.
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5 January 2021 | 47 replies
For others, it's to earn more to pass on or donate to charitable causes.
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2 January 2021 | 2 replies
As long as the kid is the beneficiary of the 529 plan, and the kid buys the house and takes out the mortgage, 529 plan funds can be withdrawn to pay the mortgage, up to the college's applicable room and board allowance.If a parent buys the house and take out the mortgage, using 529 plans to pay the mortgage would not be a qualified expense.
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4 January 2021 | 4 replies
My children lived in a small 2bedroom house with us, their parents.
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5 January 2021 | 39 replies
Be sure to either get their parent as a reliable cosigner on the lease, good luck to you in your investment portfolio.