Account Closed
How do I seller finance from my mother in law?
The one property is worth $400,000 she owes $168,000. I want to work out a deal where I am able to able to retain her interest rate of 2.75% while having it make sense for her as well. I have the ability to pay her a ...
Marites Ritchie
My mother wants me to buy her house. Good idea?
Ok REI pros, I am new to real estate investing. I started this past November. So, here's the deal. My mother would like me to purchase her home. Then I can use it as a rental property. What's the best way to go about ...
Jennifer Kappelman
FHA loan + Mother helping w/ either 1031 or additional loan
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...
Suzie Remilien
Getting insurance on illegal mother in law unit in Florida
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...
Verletta Saxon
Appraisal on a Home With a Mother-in-law Suite
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...
Sean Haardt
Harvey and my mother in law's house in South Houston
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...
Jason L.
SFR, Mobile home, mother-in-law quarters, on one lot.
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...
Henrietta M.
Sellers' mother died leaving home in her name only... options?
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...
Nir Sheinbein
TX Investment- taking advantage of a mother in law unit
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 ...
Wendy Vaidic
Add mother-in-law / nanny suite beachside Brevard CountyCounty Fl
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...