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Hey everyone, my aunt is selling me for house for me to turn into a rental property. A mentor suggested her gifting equity to me instead of just selling it for a lower price. This way I’ll immediately have equity as w...
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I just had a bank-ordered appraisal done as part of a refi. I was extremely happy with the results. The appraiser has valued some of my other properties in the past, and I've always been happy.I'd like to give him a g...
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Hello everyone, I have a question. I am about to receive $100k from a family member for the sole purpose of real estate investing. With the money I plan on putting down money on a multi unit. my question is how do I a...
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Hello BP friends,
My mother in-law (Non-US citizen, Non-US resident) owns a SFH in Los Angeles, CA and would like to transfer the property title to us. We plan to use the property as rental home instead of primary re...
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We are helping my parent-in-law to buy a new house. They own a Townhouse now. We want to take over the Townhouse as a rental property.The plan was I buy the townhouse from my parent-in-law, and they take the money to...
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Hello All, While real estate had been always been on my mind, buying or investing sometimes felt like a good idea without a path of action or my life was too crazy busy. Nevertheless, my parents have a home and as my...
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Without being too specific, here's the scenario for a friend:A young college student wants to buy an investment property; it's a small apartment building with 11 units. Since it's over 4, a commercial loan is required...
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Good Morning, I have someone who will be helping me get my journey started by gifting me 100k. I know they are responsible for tax forms on their end. What's the easiest way to receive the money? Is it as simple as...
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Hi guys, im a new grad 25yo M, living in Milton and working in Guelph. I earn about 70k per year. I am interested in investing on my first property. Any suggestions how do i start with? My current rent is about 1200, ...
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I was gifted a house from my parents worth $50,000. I agreed to pay them $500 per month up to $7,660 to cover the money that they had tied up in the property for previous improvements. I rented the property for $600 p...