Steve Sapowsky
20% Seller holdback to eliminate PMI
Can a seller hold 20% of the mortgage as the down payment if the property is not paid off? Could I offer the seller $40k higher than asking price and have that profit go into the deal as the down payment? Keep in mind...
Navid Sadighi
How should I continue to grow my dad’s portfolio?
Hi guys,I need some advice from the pros on if and how I should try to grow my parents real estate portfolio. My dad invested in some real estate 10-15 years ago. He has 6 investment properties and his primary home. H...
Son N.
Second home vs investment property and 1031 exchange
Hello,I bought a condo (paid cash) near the bottom in 2010 and its current market value is quite good. My parents have been staying there rent-free but they have a new place and so we want to consider doing a 1031 exc...
Matt Whiteside
Land trying to be taken by Squatters rights
My Parents own an 18 acre farm in southern, IL that used to belong to my great grandfather. There is a church that is next to the farm. My parents own a part of the grave yard, several relatives are buried there. Well...
Scott R.
hoa wont sign loan docs, cant get loan!
So my parents bought a condo at a really good deal because they used their home equity line to buy cash. They have been trying to get a cash out refi so they can get most the home equity line back. reason is the intre...
Bob Willis
Tenant Screening for student housing
My wife and I are in the process of closing on a house that will be lived in by our son while attending college. It is a 4 BR, 2BA. We plan on trying to find some other students to live with him while there. He will a...
Patricia Baker
Looking for advice on Co-Share property
Hi All, newbie here. I purchased a property in a Del Webb 55_ community, with my parents in Indio CA, 3 years ago. My parents have been living there until recently when I had to move them back to the Bay Area due to h...
Dean Suzuki
Looking for Advice: A High Speed Chase ended up in my rental
Hi, I got a call from my property manager today along with a picture of my garage door smashed in. Apparently the police were pursuing a teenager on a high speed chase which ended up with the teenager's car running o...
Matthew Samson
Primary Residence Sale -- $1.65mm appreciation -- How to Minimize Capital Gains?
Hi All. So excited to be a new member in the BP community!
My parents in-law bought their primary residence in California for ~ $350k and now it's worth over $2mm. Obviously, their capital gains are well beyond the ...
Grant Doyle
Sketchy Zillow Tactics
My parents are in the process of buying a home. When my mom identified they home on Zillow there was obviously a seller agent listed, she clicked on the “schedule a tour” and was contacted about a tour.When she shows ...