John White
Need some help with capital gain on home sale
Hi,We sold our primary home in NY last year (2022) which myself and my parents were listed as owners on deed. The structure of ownership stated that I owned 80%, my mother owned 10% and my father owned 10%. After the ...
Eric Doud
sale of rental turned primary residence
My parents built a house in the late 80s in the San Diego area and rented the house for 15 years. Then in 2002 they remodeled the house and made it there primary residence and lived there for 10 years. At that time th...
Jennifer Matsumoto
College Rental- Lease Agreement Tips/Advice
Hello BP!! We are in escrow for a college rental in Orange County. I have the standard lease agreement, and wanted to know what other college rental investors include in the lease agreement to protect themselves and ...
Kevin Phu
CA-Tenant Terminated Lease Before COVID Restrictions
I have a tenant that submitted his 30 day notice to end his lease which put his termination date at March 31. His employer (US Gov) started enforcing a mandatory telework policy and travel restriction. The travel rest...
Jeremy Tran
Transferring rental properties from Parents to my sister and I
Hey Everyone!My parents are in their mid-70s and are looking to hand over their properties to my sister and I. They have been managing the properties by themselves during their retirement, but now they're looking hand...
Account Closed
Buying with contingency of selling current residence
Realtors, bankers, and the BP community with experience with buying and selling primary residences simultaneously:My parents are looking to downsize their current home. The county's assessment for the home is $430k an...
Willis Seng
Don't know what to do with this house
Ok, well, here we go. My parents just sold a commercial property for some money and stuck it into a 1031 account. They took out a equity loan against our house, so we have zero equity in this house. We bought this ...
Joel G.
Purchasing a Property for Parents
Hello All, Happy holidays! I'm hoping you all can help provide some guidance/info on my situation. I'll try to make this as concise as possible. I'm looking to buy a property for myself (owner occupant) in the next fe...
Johnite Ryen Aguirre De Jesus
Any input would be greatly appreciated!
Good evening! Both of my parents recently passed away and left me a property in San Diego, California. We are currently in probate, and I'm debating on what to do with the property. the loss of my parents and the gain...
Sam Lee
Business Structure Question: LLC? S-Corp?
Hello everyone,
My wife and I are finalizing our HELOC, and we intend to start our rental property investing journey this year. I’ve been doing a lot of reading, both internet posts and books, and I’m trying to figu...