Chris Bruneau
Parents second house. What to do with it.
Good day all!
Parents have a second house, paid off, 1450 SQ ft. 4bed/2 bath. Built in the 50s renovated in the late 90s, Rents for $850. They plan to move out of the state. Appraisal @ $110,000.
1031 exchange?
Re...
Christian D.
Interest Payments on a HELOC
I had a tax question relating to a HELOC. I was recently given money via my parents from their HELOC to purchase an investment property (5 unit). They have no controlling interest in the property, and I purchased it ...
Benjamin Mueller
Cosigner Rental Agreement
Tenants are looking to move in and are slightly sketchy with their past but have rock solid parents willing to cosign for them. The parents however are retired and receive social security and a pension of around 3 gra...
Kyle Hipp
what rights does a parent have as a cosigner?
I have a friend whose, daughter is getting her first apartment. She only makes 2 times rent and they require 3 times as most do. They would accept her if her father (My friend cosigns). I have not done cosigners so I ...
David Park
If a LLC has a portfolio loan, can the LLC be sold to a parent?
If ABC, LLC gets approved for a portfolio loan. Can ABC,LLC then be controlled by a parent company later that does not meet the requirements of the bank?
Shawn W.
Commingle$ & Completion date in Purchase Agreement for New Construction Single Fam
Hi BP community!
New investor myself and trying to help my parents makes sense of their Purchase Agreement on a New construction single family house in Florida.
Are these two terms below in the Purchase Agreement c...
Simon Dean
Millennial paying parents mortgage
Hello, I’m new here and thank you in advance for your support. Long story short, the choices I made in life reluctantly led me back to living with my parents and I now pay their mortgage. My name is not on the mortgag...
Jeffrey J.
Passing Home To Children
Greetings. So my parents whom are fast approaching retirement age want to pass our family home onto us, their three children.I currently own one investment property and my sister is now in the process of purchasing he...
Jamie Gruber
Loan from family - tax implications
My wife and I own a few properties and are looking to renovate one of them. My parents have a home equity line that they are looking to get a return on.
If they write my LLC a check for $50k as a loan for renovation...
Edwin W.
RE: Need some advice from experienced investors
Good morning All,My mom owns a 4-plex in the Bay Area. She is currently living in one of the units. Zestimate according to Zillow is over $1.2 million. It's a 11 bedroom and 7 bathroom. Current mortgage amount is $290...