Hi Guys and Gals. Hoping you can point me in the right direction-many questions. I am wanting to buy 2 single family homes using a conventional loan or 2. The two homes will be in different states. My plan is to hold ...
Three years ago my wife's father bought her a townhome for 250k cash. They are both listed on title of the property and my wife has been using it and paying primary residence taxes on it. I got a new job out of state ...
Hi, does anybody have suggestions for the best way to minimize taxes for this? My parents have a rental property, owned free & clear, that they want to sell to me. They want the money as a lump sum instead of mont...
Had a question about what the IRS requirements are to establish a permanent residence. I have lived in my parents house for the 2 years I've been out of school and I am not paying rent nor am I on my parent's mortgage...
I have read through read Voss v. CIR, the memorandum for Inspections of Sections 469(g) and 121, scoured the web, and have attempted to find an attorney/CPA with no luck to help me answer a the question stated below:I...
Hello!
I am purchasing an investment property for my elderly parents to retire in. My lender is offering me a “Family Opportunity Mortgage” option- a special borrower eligibility occupancy rule in which Fannie Mae e...
Roy here,Been looking the US real estate for a while now.With Fed looking to increase the interest rate, seems it is a good time to buy and hold the property.Would like to know if biggerpocket community could provide ...
Hey all,I live in a condo here in Southern California that I co-own with my parents as "Tenants in Common." They had a cabin property that they rolled over via 1031 exchange into this condo back in 2007. I put a small...
I had to purchase my primary residence with my parents credit, at the time I couldn't get approved. While I know it does not matter I paid all the closing cost, down payment, taxes and mortgage payments each month...
I am ready to start my journey in real estate in buy and hold field. My wife and I live in a house that my parents own and pay them money for the mortgage (not calling it rent as my parents aren't profiting from me). ...