Samantha Hooten
Advice needed! Refinancing parents home
I need advice! My parents own a home in near San Diego, CA it right now it’s worth about 970k. They suggested we refinance a loan of 600k with me on it. My fiancé and I make about 10k a month and the new mortgage paym...
Gamal Noble
Parents Neighbor's House For Sale
Investment Info:
Single-family residence hard money loan investment.
Parents neighbor is willing to do some seller financing if I can get a hard money loan for a good amount of the purchase price. Then will ...
Michael Everett
Buying First Property From Parent
Hey all, very new to all of this, but had an opportunity present itself that I wanted some feedback on. My mom will be selling her condo in the next year or so to move full time to her vacation home in FL. I'd like to...
Kaitlyn Askey
Purchasing Rental Properties from Parents
I will be purchasing 5 rental properties from my older parents. They are all currently occupied by tenants and the rent they are charging now is well below the market value. We are working with an attorney and CPA to ...
Danielle Lynch
Deed Question: Parent & Subsidiary
Hi Im doing a quitclaim transfer on a deed from my personal name to my LLC. The LLC is a subsidiary of another LLC of mine. I.E. The deed is transferring from Danielle Lynch to Harbor View Oasis LLC which is owned by ...
Ray Smith
Structuring Partnership with Parents...Advice?
Hi Bigger Pockets community!
My grandad grew up on a farm and was the only member of his family to go to college on the GI bill, after serving in the Navy. He worked his whole life to set his family up for success, a...
Percy N.
PA Rental Security Deposit Escrow
PA Landlord Tenant Law states:68 P.S. § 250.511b§ 250.511b. Interest on escrow funds held more than two yearsCurrentness(a) Except as otherwise provided in this section, all funds over one hundred dollars ($100) depos...
Will Dougherty
Buying a house from parents
Hi All,
Working on my first deal and will actually be purchasing a house from my parents as they look to free up some cash and are ready to move on from it. We have been researching the best strategy to go about tra...
Mark L.
Should I buyout parents mortgage?
My parents and I recently discussed potentially purchasing their home. They are far away from me out of state, an older property I have no interest in owning and high RE tax burden. Mortgage is minimal ~90K, house w...
Shalen Takaaze
Contract for loan from parent?
If I am going to borrow funds from a parent to add to my own initial investment for downpayment and rehab costs, should I get a written legal contract? For context, I already have possession of the money and I am lett...