Scott Morse
Buying Parents a Home - best way to set it up?
Hey guys, first time poster..... Thanks for reading and responding to this. I am going to be setting aside a comfortable amount of money into a dedicated bank account for my parents to purchase their "forever" home in...
Gian Piero Bandieramonte
Investing in Tennessee as a foreigner
Hi,It has been hard to find info regarding my situation, perhaps because it is a bit unique, and could use some help. My situation is as follows:I am a foreign investor interested on purchasing a rental property in Co...
Isabelle Trepkoski
Partnership: Mortgage vs Title
Hello,I will start by saying I have a call into our mortgage lender...My husband and I are going in on a duplex with my parents who are downsizing. The plan is for my parents to live in half of it for a year while we ...
Nathan Quinn
House hacking with FHA loan
I currently live with my parents in lancaster PA. I am planning on buying a multi unit property with an FHA loan for the purpose of house hacking. I understand that an FHA loan requires you to live in the property for...
Tyler Prosser
Combining Section 121 and 1031
Hello,
My parents have a primary residence purchased for $45k. Recent comps in their neighborhood are in the $1 million range. Even with a exclusion of gain under Section 121 (MFJ: $500k), they are looking at over $...
Jon Borowski
Have parents take home equity on their home to finance rentals?
Hi everyone. I'm thinking of approaching my parents with the following scenario. I have a feeling they would be okay with it due to my work ethic.I live in the NY Metro area and want to get into real estate investin...
Josh Deever
First Time House Hacking
Hey BP Forums,I’m 20 years old and looking to purchase my first rental property and house hack it while I’m finishing my last year in college. Right now I’m still living with my parents in East Texas and plan to gradu...
Daniel Kaplan
House Hacking as a College Student
Hey BP fam! Thought I'd reach out in the forums for some guidance before I do an internet deep dive on this. My friend and I have a combined $40,000 and are looking to house hack a quadplex for 2 years before we gradu...
Samuel Metcalf
HELOC or cash for primary residence/investment duplex
I'm all over the place on this one with a mix and match conundrum.
I've got a duplex that's been awesome for me. It's got a $200K mortgage on it with a value of... at least $325K. Best case $400K. I've been eyeing up...
Sophia Maler
Converting primary residence into investment overseas
I own 1/3 of my parents' apartment overseas. My parents (both retirees) still live there, but plan to come to the US and live with me. They don't want to sell the property to the 3rd party now because the prices are ...