Hi folks, my wife and I are in talks with my parents about buying their house. It's their primary residence that they've owned for about 30 years. At the same time, we're looking to make a group land purchase with ano...
My parents and I have been looking to buy a house together in Wilmington, NC to have as my temporary home until they retire and move down to NC in about 10 years. They were going to put the whole down payment themselv...
My moms IRA Is earning less than 4% and she is taking a minimum distribution she is 85 year old. What are the issues if we go ahead with this plan?
I would have alternate min, tax if I borrowed to finance real estat...
Hi All,I'm looking for advices on the legality of taking over my parent's mortgage and house. Then use it to rent out to my parents. Just wondering if there's any benefit to that. Currently I co-own the house, but wou...
Hi, I’m a new investor trying to start brrr’ing my first property. Problem is, I don’t have it yet; my parents do. They bought a house and fixed it up but decided renting isn’t for them. I told them I would buy it fro...
My parents bought 2 condo/townhomes a few years ago. I didn't know this until now but they've already paid off the mortgages for both properties maybe 5 years ago. But they just said they are thinking about selling th...
I am considering buying my parents home. It will help them get rid of debt and be more financially stable with the equity and I get my first rental property. I know dealing with family can sometimes be a issue for som...
Hello I am pretty young and I am a college student, but I feel like I am wasting my time. When I am passionate about something i put all my effort into learning it and I tend to learn a pretty decent amount on my own....
Hi All,
My parents are retired and currently live in south texas. They have a 1st mortgage with a balance of $60K. The home is currently worth $190K. Their interest rate on the current loan is 7.5%. Since they are o...
Hi, I am new to the site so please excuse me for any of my obvious questions. My parents have multiple properties that includes land and rental homes located in multiple states. They would like me to manage these prop...