Sean Sloop
Question about a Silent Investor?
Hello BP, I have a potential legal question. If I have a relative that wants to invest some money into a property I am buying, but I do not want their name on any part of the property, is there a legal problem to be c...
JJ Mayer
Need Example Private Lending Agreement
Hey BP Community, hoping you can help me out...The Set Up: Buying my 2nd buy-and-hold rental property, and this time I've found a relative who's willing to lend me $75k to finance the deal. Having never done this bef...
Yousef Reda
Should I buy a rental investment property for my brothers
Hi my 2 brothers is currently renting and paying 1500$/month in a property owned by someone else. He has bad credit. I thought maybe I should get the benefit by investing in a property that he can live in and pay rent...
Stephen McCracken
Cashout Refi on Relative's House to House Flip & Tax Ramification
Hey Guys,Just got off the phone with my CPA (out in California)... relocated to Denver a few months ago.I recently refinanced a retired relative's home (I was named co-borrower hence now on Title as joint tenant)My qu...
Alvin Price
Private Lender Agreement Template
Happy Friday BP-ers!I have a relative who has offered to partner with me on future projects by being my private lender in return for 30% of the profits after the property has sold. I want to ensure that both he and I ...
Konrad R.
Purchasing home with reverse mortgage
My relative's house has a reverse mortgage. I'm not listed as the executor or beneficiary in his will. Unfortunately, his health has declined recently. He said I can have the home if I payoff the reverse mortgage. Wha...
Pops Warner
rental train wreck has $ but lousy history
hi, my rental history for the last ten years or so reads like the story of a troublesome gaurd dog. i slept at night in the office of a check cashing business at a strip mall; i stayed in the show room of an antiques ...
Adam Harrison
newbie needs help with short sale
A relative is interested in doing a short sale. The house is in Sunland, CA. They have a first mortgage with Bank of America for about $240,000 and a HELOC with National City Bank for around $90,000. According to Zill...
Carl Lee
Taking ownership to evict tenants?
Fair Warning, this isn't exactly a question about investing, but I have a situation that a family member has brought to my attention. I'm just getting started in real estate and I'm not sure how I can help them.A rela...
Mike S.
Agent won't call back about renting house
I have elderly relatives who are very interested in renting a nearby house. Everything was going great until the owners or real estate agent ran a credit check on them. I'm not entirely sure what happened but they can...