Can some please help me understand what is the best way to purchase my parent's home? When I say best, I mean without incurring any capital gains tax and little out-of-pocket expense. The home is in Georgia and I'm ...
Hello BP Community,
Has anyone has any experience with renting to their parents? I bought the property from my parents in 2018 since they didn't want the property under their name anymore and want a lower monthly pay...
Hello BP Community,
Has anyone has any experience with renting to their parents? I bought the property from my parents in 2018 since they didn't want the property under their name anymore and want a lower monthly pay...
So my parents own a 3-Unit property in Chicago, IL in the Logan Square area. They purchased it for $195K in the early 90s, but now per appraisal it’s worth $897K (without renovations)I want to purchase this but I don’...
I have managed my own rental properties for the past 20 years and am now handling a rental property for my in-laws in California. Without giving legal advice, how have others set this up in their lease agreement? Do...
I am looking for your feedback on this one....my parents are interested in getting into real estate and are open to partnering with me. I know my parents are tired of their jobs and want to find another way to build ...
Hi all,I'm interested in obtaining a HELOC on my mom's house under my name. She is the owner of the property, but I'd like to maximize the amount approved and minimize interest rates since my financials are superior.T...
Hi all. My father recently retired and he’s struggling to make ends meet. My parents owe about $20,000 on their original mortgage on their home, and there’s a HELOC with a balance of about $40,000. The interest rates ...
Hello everyone one I am looking for some guidance. I manage my parents home as a rental since they moved out of state. I am trying to figure out the best way to leverage the equity on their home they would sell this...
If my parents were to get a HELOC and gift me the money for me to buy an investment property outright cash would there be any taxation issues? Would there need to be proof of income? What are possible pitfalls of this...