Brandon V.
Self Directed IRA from a relative
Hi BP,I have a relative who has a lot of money in a ROTH IRA currently but they would like to help me out to fund another rental property. Would using the ROTH IRA from this relative be an option if they were to conv...
Marquel Butler
Creative Financing for FHA/Conventional down payment
Any suggestions for creative Financing for FHA/Conventional down payment. I have the funds but I am trying to use the other peoples money method as much as possible.
Steven J.
How to get prequalified - a catch 22
I've hit a catch 22. There is a four plex I'm hoping to have access to and to verify numbers on but the owner has asked all potential buyers be serious buyers who have prequalification. I can't get prequalified bec...
Nicole Heasley Beitenman
Closing some of my credit cards makes sense to me. Am I correct?
Hi BP! I was talking to a friend of mine about credit. He says that each person is worth a certain amount of credit based on their income. Here was his example: Say you make $70k per year. You are then worth $200 in c...
Ashley S.
Should I buy my parents house?
Need advice. Here's the scenario..... My elderly parents want to stay in their home as long as possible. They are struggling to make ends meet from month to month because they owe $250,000 on their house and have a ...
Ken Radino
Changing Names on a Deed
Hello fellow BP members,
I have a personal question to ask:
My In-laws own a townhouse close to my residence. My father-in-law just recently passed away to bad health. My mother-in-law wants to add ...
Matt Dittman
Creative options for a new, temporary primary ultimately for son
This is sort of a long read and not exactly a simple situation, so I apologize in advance.My current situation: I owned my house outright, until I got divorced last year. I needed to pay off my ex in the settlement, s...
Carolina E.
Buying Parents Home.
Hello, I'm trying to purchase my parents townhome and am wondering if anyone could share some ideas on how to go about it. I am trying to spend the least amount out of pocket.
One idea I had in mind was getting bot...
Giuseppe Rosellini
Can you change the name on the title of a home without penalties?
A family member wanted to change the title of ownership on a home in CA without penalties in order to sell the home and move. As far as I know there are penalties that come with this, any advice? for context, the pers...
Kurt K.
Tenant wants rent back
Had a tenant pay in full for the month (with late fee)Got a text and girl said her husband was only supposed to give me $50 less because they needed it for groceries this week.What they paid me is what they owed for t...