My mother has offered to help me buy a house. I am approved for a small owner occupied FHA loan. She has offered to sell one of her rental properties and do a 1031 exchange and/or take an additional loan. Since I hav...
This question is courtesy of an investor friend. He just found out that his insurance company will not insure the 3/2 house he bought in Fort Lauderdale, Florida, because the mother in law unit is illegal. The previou...
I am in the process of purchasing a single family 5 bedroom 4 bedroom home with an attached mother-in-law suite. The home is zoned as a single family home. The appraisal recently came back and it seemed low to me so I...
Hello BP community. Thanks in large part to BP, I purchased my first duplex this summer in Western Maryland. I look forward to helping others on BP reach their goals as I have been helped. But I urgently need advice a...
How does a beginner investor, like myself get a loan for this type of set-up? The SFR is a 4 bedroom 2 bath home, the mobile home is a 3 bed room 2 bath home and the mother-in-law quarters is a 1 bedroom 1 bath struc...
Hi, I recently ran into an old friend, whose mother just died. She is a single mother to two kids. Her mother left the bank accounts, post office box and a car with her name. She's the only child and she said she tho...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Blue Mound.
Purchase price: $86,000
Cash invested: $145,000
In August 2018 we purchased a 3/1 1077 sqft house for a total ...
We are flipping a house beachside in Brevard County Florida. It lends itself well to creating a mother-in-law or nanny suite. It would cost a couple thousand to do so. Would it add value or potentially shrink our p...
I recently bought my mother a mobile home on a lot cash in Corpus Christi so she will not have to pay rent. This Mobile home and Lot is under my name. My mother is going to move in soon, but I am afraid my freeloading...
For the few 2 years of my business my business partner (my mother and law) and I have always been 50/50 partners. My Wife has been helping quite a bit with paper work and other aspects of the business and my mother in...