Ian Gilligan
Turnkey company referrals for my folks
Hey BP, Looking for referrals for some tried and true, genuinely stellar turnkey companies to send to my parents. They want to get into real estate, albeit a bit more passively than the route I'm taking. They live in ...
Shane Craig
When can you start removing tenants stuff?
On Easter Sunday I had a tenant call me and tell me that state troopers were in the parking lot talking to another tenant.I followed up with the tenant who was talking to the police and heard nothing. The next day the...
Jason Kang
HELOCs, Home Equity loans, etc.
Hey all,I'm at the stage of securing my finances as I start to explore markets and look for an investment property. Given that I'm still young and have limited resources, my parents have been generous enough to offer...
James Mc Ree
Seller died prior to sale.
My scenario is a parent and child own a PA property, but live in another state. Both list it for sale in the MLS in November 2019. Parent passes away a couple weeks later. I offer on the property and offer is accep...
Kristi Charland
Open Door vs. Private Investor vs. MLS
I'm currently trying to help my parents get out of their house. One had a heart attack, the other had cancer and they are ready to retire and downsize. They have a 3,900 sq ft, 4-sided brick house with a finished base...
Alex Shapiro
BRRRR & Over-leveraging Question
So I just had a discussion with a retired family member who made her money (millions) in real estate. I brought up the BRRRR strategy and she got upset that I brought this up as an actually viable strategy. She asked,...
Tim B
Renting to college students
I'm trying to buy a single family rental house in an area with 5 private colleges - lots of demand for student housing. Students will typically pay $450 to $500 monthly, per room - 12 month lease - parents actually si...
Taylor Ullmann
First Purchase - House hacking in Austin
Hi All, I have started looking around Austin for a place to live after graduation this spring. For the past four years at UT, I have been renting, paying +$850/mo to share a room in a five bedroom home near campus. S...
Alejandro Arreola
I brought my parents a house in 2019. Is that a tax deduction ?
I bought my parents a house in 2019 cash I have not filed my 2019 taxes yet. The property was not a turn key property I had to do a lot of repairs. Is that 100% tax deduction on the house that I bought my parents? Doe...
Maddy Blair
Underage driver totals rented garage stall. What party is liable?
Good day, In Minnesota, an underage driver (child of a another tenant in building) crashed a car into a vacant garage stall. Four unattached to the building garage stalls out of six impacted by this. Caretaker advised...