Johnny Lopes
BUYING INTO A PROPERTY FAMILY OWNED
9 January 2019 | 0 replies
The building is currently owned by my Mother, Aunt, and a 50% third party.My Aunt and their 3rd partner are interested in selling while my mother is interested in holding the property.
Adam Laurenzo
House Hack in SLC vs. Investing Out of State?
19 January 2019 | 7 replies
Buy a duplex or SFR with mother-in-law here in our area and house hack.
Josh Thomas
Fire Time Landlord: Would You Rent to These Tenants?
15 June 2021 | 82 replies
(If the PM is your mother you can keep her.
Logan Badenhop
Traveling Nurse Spouse Just Starting Out
18 January 2019 | 0 replies
I enjoy the work that I do but the catch in my unique situation is that I am married to a traveling nurse and for the last two years we have been on the go moving from city to city across the US, specifically the west coast.
Tandi H.
My rental rehab kitchen components and costs - whatdya think?
19 January 2019 | 1 reply
Maybe more if we furnish it for traveling nurses etc.
Christopher W.
Unusual situation needs financing suggestions
26 January 2019 | 2 replies
I’m the executor of my mother's estate, which includes an old farm house.
Domenic DiPasquale
Adverse possession complication
25 January 2019 | 7 replies
It's under his deceased mother and deceased uncle's names.
Eric Robbins
Change from Sole Prop to LLC?
20 January 2019 | 3 replies
I would however keep your mother as the owner of the LLC so you can get the step up basis upon her death.From the C corp you take management fee and you can also "hire" your mother to do some administrative task for the corp and give her salary and fringe benefit.
Andres Vanegas
MF - mix use C property in B neighborhood- no CO
20 January 2019 | 3 replies
Rent is 83K (54k from residential units-rented by nursing home-, 21 from the retail, and 7k from the garages), NOI is about 50K.
Deanna O.
Purchasing from heir
20 January 2019 | 2 replies
There is an old loan lien still on the title, which I will be researching (I believe it was paid off & no payments have been made for years -- both parties have passed away).IF I proceed, my plan is to -a) do a quit claim, with heir signing over ALL rights to the property into the escrow (both as heir to his mother and as heir to his brother), delivering possession of the UNOCCUPIED property and in exchange recieving 50-75% of the price in cash (the quit claim & delivering possession MAY have to occur at different times.