Hello BP, I am very interested in househacking while in college I have started researching properties and have questions on how to turn the house hack into a medium term rental property for other college students. Whe...
Hi:Question for the group. Can a parent-in-law can lend to a SDIRA (non recourse loan secured by a property)? The sources of the funds are not IRA funds but regular accounts.Do you have resources or recommended la...
I've read that most landlords require a (gross?) income of three times the monthly rent. What if the applicant has children? Fair housing laws prohibits discriminating against parents, but common sense tells you tha...
My brother and I are investors in Illinois looking to purchase a multi family with one of the occupants being our parents. Since they will be living there, could they buy the property and put it in an Illinois land ...
Hello-
I am under contract with 5 siblings selling their parents house. The parents are deceased, and the house has gone through probate.
I am also under contract with a cash buyer. Upon running a title report, a pr...
I had a good friend ask me this question today and I was not sure on the answer. Before I call our tax advisor to help my friend I would love to hear from the wise people of BP on the Issue. My friend bought a vacatio...
One of my friends recently asked me for advice, and I want to make sure there's not something I'm missing or a better option for him.
He and his wife are renting a property that his parents own. They are paying $1,1...
I want to take advantage of my parents house equity, but they have bad credit, and the property needs a full rehab. What are my options?
My wife and I found a once in a lifetime deal on a HUD home in our current neighborhood. It's not the right time to sell our current home but my parents offered to cosign so that we could qualify to keep our current h...
Hi Everyone,
I will potentially be purchasing a $50k house that requires a decent amount of repairs maybe about $25k. After repair value would be $110k, plenty for refinance. The initial loan mortgage would be a 20...