Morning, I am looking to borrow money from my parents and was wondering what contractual considerations I should consider moving forward.

They also have made considerable money, done well investing in businesses and stock market and now pretty much do what they want.

I was wondering if anyone has any experience adding a bathroom to a property to flip, what costs were, what the value added was, potential issues or considerations, etc.

I think I am going to pull the trigger on it tomorrow.

Still haven't pulled the trigger yet- we will see!

Read/Learn before actually pulling the trigger. figure your niche and go for it.

I've been having a hard time figuring out where to pull the trigger.

@Drew McLarenBrian may do things a little differently, but when we underwrite a property, we look at economic vacancy - which takes into consideration tenants not paying, evictions, concessions (i.e. 12th month free), etc - and not just physical vacancy (which you will learn is the easiest kind with which to deal).

The funny thing is , they have no experience in dealing with RE so the "advice" given is taken with little consideration.

@Logan LehmkuhlAs @Scott E. mentioned, there's a lot of really good information on BP lately for Subject To.Here are some considerations for buying sub to- Subject to can be an awesome strategy BUT if structured incorrectly there could be serious ramifications for both you and the seller.