Calvin Chan
1031 Exchange with Parents
Hey BP community,
I have a question regarding a 1031 exchange with my parents. They want to sell an investment property and use the 1031 exchange proceeds to help with putting a down payment on a house for my famil...
John Paul Whaley
Live for free or start investing?
I am currently living in my parents’ old house and not paying rent. I have a good job and am banking every single cent I make. I am also ready to start investing. I have enough down-payment money saved up and have ana...
Lalainya Rawlings
Hard money loan on foreclosure to mortgage with a co-borrower
Hello,My partner and I are looking to buy a house at foreclosure. We'll use a hard money loan to acquire the property but then put a mortgage on it. We have the pre-approval ready to go but with my parents as co-borro...
Trent Tibbitts
Looking to invest in multi-family outside of my market
Hi all,I currently reside in upstate NY. My parents are looking to relocate to Florida (Sarasota Area). My wife and I currently live in a two family house we own (House Hacking) and are looking to invest in a 2-4 fami...
Dave Flaherty
Ernest Way Sacramento California fix and flip project.
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $200,000
Cash invested: $75,000
Sale price: $430,000
Pocket listing. Friend of mine wanted to unload it for his...
Linda Roberts
Co-signers from another country
My tenants want to add their friend to the lease for a third room. She's expecting to receive a job offer, currently unemployed but has a good payment history. To address the situation, she has suggested her parents ...
Jonathan Cole
Buying my parents house
My parents have been currently residing in their home for 25+ years. They hit a rough patch about 6 years ago and can no longer afford their mortgage. The maintenance of the home has gone to the wayside, there are qui...
Ryan Moore
Interest paid to private lender
FYI: I'm still out hunting for a good CPA, but I wanted to know something. A portion of my down payment for my MF rental came from private money. Can I deduct the cost of interest that I am paying towards that priva...
Jeff Pavalone
Would this benefit my parents and I?
My parents have a rental property that they are trying to sell in Pennsylvania. They currently live in Idaho, but are going to be moving in a year or two to Arkansas or Missouri to find a place to retire. I currently...
Davis Molnar
My First Investment Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $60,000
Cash invested: $15,000
4-bed, 1-bath house near Univ. of Toledo, OH. Ideal for students with parents coveri...