Jonny Dee
Cash Out Refinancing a Gifted Home?
Currently my father owns a property that he is looking to give to my sibling and I (used as a rental). We are looking to cash out refi the home so we can use the money to invest in other ventures (real estate investin...
Chu L.
Tax Lawyer or Tax accountant ?
Debating Tax lawyer or accountant for this and next year. Here are my situations:
1. I will be first time home owner this year (hopefully).
2. I work in PA but lived 2 states (PA, GA)
3. I have cash from oversee ...
John Butler
My first deal - Buy and Hold Condo 2009-2014
Investment Info:
Condo buy & hold investment.
Purchase price: $170,000
Cash invested: $34,000
Sale price: $221,000
My first bachelor pad. Condo I purchased after the dip in 2008.
Wh...
Daniel D.
URGENT AGAIN: Offer Accepted - NOW WHAT?
It's me again, with my urgent advice needed threads. For some reason these deals always creep up on me!I found a property in New Providence, NJ last night. I saw it this morning @ 10 AM, i put in an offer at 1 PM, 7 P...
Dana Hayes
Renting while owning a rental
What are the opinions you all have regarding paying a mortgage (a minimal mortgage on a smaller unit) and allowing renters to rent the unit while also simultaneously renting a unit ourselves and using the extra cash f...
Carl Crump
BRRRR fun fact about refinancing
Hello BP,So I was doing some research for a client of mine I am doing some loans for. I know a decent amount about most programs but learned something new today that could be helpful to others looking to employ the B...
Ryan Schuler
Funds from Parents for buying investment Properties
I am in the beginning stages of looking into how to work a deal with my father on my first investment property and the best way to structure a deal with him where he would provide a chunk of change for the deal.I rece...
Elizabeth O.
Please please help me close this deal with "gift" money
I am set to close on an investment on July 29th. A few months back my in-laws gave us a check for 20K. I want to use roughly 15K of this to be put toward the 25% down. I didn't realize until yesterday when they tol...
Cliff T.
Using gifted money for all-cash purchase?
Hey all - quick question that I haven't been able to find the answer to...Can I use gift money (from parents, friends, family, etc.) when completing an ALL-CASH home purchase?I recognize there are complications when u...
Eric H.
Cash and check gifts cause financing problems?
I just got married and have a couple grand worth of cash and a couple checks from people as wedding gifts.
I would like to get financing within the next 6 months or so for a rental property and was wondering if these...