Samir Nanjapa
Would this qualify for a 1031 exchange?
My in laws recently bought two residential properties (a townhome and a single family) with another couple they barely knew. Within a month of buying , their partners want out and are asking to list both properties or...
Liam Nichols
Starting out (UNIQUE) :Excepting advice from anyone and everyone.
Hello, My name is Liam Nichols. I am a 17 year old future real estate investor with lots of options. I am fairly educated in real estate. I have read multiple real estate related books, and I am an avid listener to th...
Craig Starger
Preparing to inherit properties in really bad shape. Advice?
While I hope my parents live for many more years, my brother and I are well aware of the fact that someday we are going to inherit both our parents' house and another property that they own in a neighboring town. Both...
Robin Morales
Asking for a friend!
Hello Everyone,I will try to keep it as short as possible! Parents own a property in CA. The property is worth about 600k. They owe 217k on the mortgage loan and have about 45k in debt through CC debts and HELOC. They...
Jake Springs
How much time should I wait between family loan and applying?
We have $70,000 of credit card debt that gives us a very bad debt:income ratio. My parents are willing to lend us most of the money to pay that credit card debt off so that we can get a good cashout refi. But I know t...
Mark Krusinski jr.
Title Transfer for Seller Financing
Hi,
My brother and I are currently in the process of buying a house from my parents. It is a duplex located in the Cleveland Ohio area. My parents do not want to pay capital gains on the property at the moment but ar...
Account Closed
First time home buyer looking for advice
Hi,I'm a pretty young individual. I'm looking to buy a single family house with a purchase price around 400-500k. My question is how much do I need to save to be able to legally buy this house? My parents are able to ...
Teri Skrab
Co-buying with Parents that live in MD how to setup LLC
Hello BP!Our parents recently sold their condo in SC but did not do a 1031 exchange, as they didn't understand it as they are older. And didn't reach out. but, they now want to put the money into another property. So ...
Paul Smolinski
Considering purchasing a rental near a university
I am considering purchasing a very nicely upgraded property within walking distance of a university in Utah. It is in a neighborhood that has a mix of apartment buildings that cater to students and single family prope...
Richard Uriarte
How to protect your investment when working with a partner?
I'm a new member to BP and looking forward to making my first rental property investment. I'm planning on partnering up with my parents and purchasing a duplex in which we would own 50-50. They would live in one unit ...