Hello all!! I'm new to the forum but have spent the last hours glued to some of these threads.
I think I've found the right place to hear some "logical" advice.
So to make a long story/ question short...
What is...
I'm planning to buy a rental property with a family member this summer. She has the cash but no credit, and I have the credit but no cash. Of course we want to end with the property in an LLC, but I'm unsure of how to...
We are going to purchase the house that we currently live in from my parents. They are going to sell it to us for what is left on the mortgage, which is 95k. ARV on our house is 245k. Can we take out more than the sel...
My mom and I have a fantastic relationship, currently I live at home and keep the house up. I’m 26 unemployed because of Covid and have $30k in the bank. Excellent credit history and minimal debt. I want to learn real...
Hello,
We are in the process of possibly moving forward with RLS. Can anyone offer any feedback (positive or negative) with regard to their service, in particular the series LLC. Did you have to sign a gift deed tran...
Hello BP community! I've learned so much from this site and appreciate all the camaraderie among members to help and support one another on this real estate investing journey. So here's my situation: I bought my first...
Is it possible to overpay for Grandma's house and have her gift the difference back to me?For example: Say the house is worth 100k, I pay 150k cash for the house with a plan to fix it up and flip it in a few years. Gr...
I am buying an investment property from a family member for the $125k that they owe on it. The house appraises for $160k so I'm getting a $30k gift of equity to use as a down payment.
The lender is telling me th...
I have a question that maybe someone would have insight on. I support my disabled mother who has many health problems. I have been looking to buy her a place to stay close to me so she has the freedom of her own place...
My grandmother is offering to gift me a property she co-inherited with a disabled person. To make the story short, she inherited 80% of the property from a friend she helped through her illness for years. My grandmoth...