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If a generous parent wanted to help out with a first property, can/should they co-sign the mortgage? Or if it is down payment help, is there a particular way banks like to encounter that? Does it need to be seasoned, ...
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My in-laws recently retired and want to give their home in Philadelphia, PA to my wife. How do we start the proces? Should we meet with a real estate attornery or go to a title transfer office?
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Last year I considered gifts, but didn't do it. Yesterday I did, and it was a lot of fun. I took my 18 YO daughter and 4 and 5 YO sons to Costco, then to 14 tenant homes across 3 counties delivering cookies. Hones...
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Hello,My daughter is relocating to Chicago middle of next year. She hasn't settled on where to live yet. She may live in an apartment first before deciding. I'm suggesting she consider a small multi family. She w...
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Hey BP Community, hope everyone is staying warm during these cold winter days. I on the path of looking for my 1st investment properties and I am planning on going with conventional financing for the 1st property.
I ...
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I am just about at the finish line on closing on my first investment property 11/4 is the close date. I have an investor gifting me the funds to close. The bank is making it hard saying that a friend can not gift the ...
Hey all I just received a gift of $70,000. I prefer to live in NYC and house hack a multifamily but its still too expensive. I was thinking of anywhere within 40-50 miles would be next reasonable option. Any suggestio...
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I have ramped up my business quite a bit this past year. Although I am sure they are happy for the extra business, I'd like to get my real estate broker, property manager and contractor a holiday gift as a token of my...
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My wife and I are really wanting to start buying rental properties. We have great credit, and have a little over $700 /mo to invest. I inquired on a loan through Teachers Credit Union since they are our regular bank...
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Hello,We were working on a deal for several weeks that fell through. Our realtor was outstanding and really went above and beyond. We would like to show our appreciation for his work. What would everyone's suggest ...