That dog go out and bit a small child, it was horrific.

Hi All,I'm looking for advices on the legality of taking over my parent's mortgage and house.

Hello,My parents have a rental property for the past 10 years (purchased in 2010).

We still have a parent/primary LLC in the state we live in that acts as a holding company for all the OOS LLCs.

Here is my current position:-I have a full-time job, making $80k/yr (single income, wife and three kids)-I bought my primary residence 1yr ago with 20% down (so minimal equity)-I partnered with my parents and bought the neighboring property that was split off my property and it currently has a renter in it    -this property cash-flows but not significantly due to the renter paying under market-value to the previous owner and she is a friend, takes care of our kids, etc, so we want to keep her there. 

So the benefit to your parents ends up being not actual savings but that the charity they love gets the money instead of the govt. 

@Ian Thompson Unless you are an only child it isn't worth discussing.  

I bought a tax foreclosure house formerly owned by a convicted child molester.

I'd like to invest to Escape the rat race, not sink further into it.Question: Do I rake up enough cash to complete an extension on my home ( we just grew by one more child and could use the space) thereby increasing my property value for a cashout refi of more rentals?

HI everyone one, so the COVID put a hold on my first real investment (I have a property where I live in S FL with tenants but this is the first out of state property)I am looking for any further details on these states - from the research I have done Cleveland and Memphis seem to be good places.Now with that in mind I was debating on going the turnkey route but most people I have spoken to say there is no real equity in those and you are buying at top dollar and you either need to ideally by a wholesale deal cash or work with a realtor but one that also has connections to contractors/builders/property management etc So any advice - the aim is to really be cash flowing every month as I need to increase my income so I am able to spend time with ageing parents.