Peter Morrissey
Parent Guarantee but tenant bad history
I have been working with a couple who is moving up from NYC to Syracuse. They came up to visit the place a few days ago. Their mother has agreed to guarantee the rent and has already sent me a bank check with security...
Carlos Rodrigues
Private Money Loan from Parents Help
Good evening BP! I've been thinking, I need get a short sale/ REO property so I can put some sweat equity into it. I want a multi family 2-3 family. Here's an example of one deal I found, 3 family in North Jersey for ...
Account Closed
Parents partially funded my first deal
My parents helped me pay for the inspection and appraisal fees for my first deal. Are there any tax implications regarding this matter?
Douglas Gross
Buying a property for my parents
My parents are moving to Florida, where I currently invest in SFHs. I would like to buy them a house, most likely in a 55+ neighborhood (I am not 55 years old, but they are :)). I am looking to put down as small of a ...
Jaison Emmanuel
Ideas on buying my Parents house.
Hello to all... So my parents are selling their NY house. They are retired and don't care to be landlords. ARV it's worth 685-700k. The golden ticket to this property is that it can be converted over to a legal 2 f...
Chad Kastel
Evaluating School Districts for new parents
My wife and I are aware of the websites that evaluate school districts and give a score out of 10. But we also understand that there are more questions to ask and not everything is about a number. We just don't kno...
Benjamin Sussman
Buying a property using my parents
Hi,Once I hit my limit of having 4 traditional mortgages, can I give my parent the money to have them buy a property under their name and then have them transfer the property into my LLC?Would they still be responsibl...
Robert Lobue
Helping parents, would like help back
Hey friends, I am totally new to BP and have read a couple of books about REI including "Rental Property Investing" By Brandon Turner. A few years back, I got married to my second wife. She has her own home in our t...
Vinny Joseph
Inheriting Tenants : Parents signing estoppel agreement
Hello,I am buying an investment property and inheriting the tenants. I asked to sign an estoppel agreement before closing. But the tenants are out of country travelling and the parents offered to sign the doc on their...
Jose Zaldivar
How can I pay my parents?
Hey all, here is the situation. My parents are getting old and want to retire, they have the house I grew up on with over 200k in equity and a small mortgage that they still pay. The mayor obstacle that we have is tha...