Daniel Morrison
Buying Property from a family member
For the last 14 years I've been renting from my father, November of this year that will change. I will be purchasing the property from him for $40,000 under market value, marking my first purchase into my real estate...
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TWO Mortgages for ONE House?
I'm in the market to buy my first home (30 year fixed), and today I talked with my first potential lender. It made me realize that I need to get ALOT more educated. LOL.
They approved me for up to $200,000 at 6.25...
Arthur E.
Should I pay my real estate agent for a deal that didn't work out?
Long story short, my real estate agent and I have been chasing after a deal for about 2 months and now it's looking like it's probably not going to go through. This deal has been a huge pain for everyone involved. M...
Nathan Gesner
What kind of welcome gift do you leave for guests?
What kind of welcome gift do you leave for guests?We're trying to think of a custom gift that fits our retro vibe. You can see the rental below to get an idea. Any other suggestions?https://codylodgingcompany.com...
Chris Syrett
Family loan advise
Hi everyone,I am new to RE and I am looking at doing my first deal. I am looking at purchasing a SFR that has a one bedroom apartment in the basement that I can buy for 60k. It needs about 30k of rehab and the ARV com...
Chris G.
Gift to a potenial lead / follow-up gift
I have a great lead I am trying to work right now. Free and clear property. I think I need something more than just a standard hand written thank you card thanking them for spending the time to speak with me. I was th...
Eric Bailyn
Gifting Single Family Residence to Son: Any tax implications?
Hi Everyone!My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...
Michael W.
What type of mortgage would work best for me?
I'm looking into deal in Philly for a $250k triplex. I'd be jointly purchasing with one other person (we're not related), and he'll live in one of the units (I will not). He has great credit and more than enough inco...
Mike Ojo
Getting House/Loan Put In My name
Hi,This is a bit of a complex issue and I'm asking for a family member. Here is the issue:My mom inherited a house from her father. She has been living in the house and paying the mortgage for almost 20 years and the ...
Jim Stevenson
Private Lender for Down Payment
I'm looking at purchasing a quad for $90k. I have a friend who can supply the 20% down payment. I would then use $30k of my own money to get it rent ready. The way I'm thinking of structuring the loan would be to pay ...