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Refinance program to help elderly parents
Our lender has a program that allows children to help out elderly parents with their mortgage through a refinance process. There are some guidelines for "elderly" but so long as we can show underwriting that our paren...
Cara Graca
Helping my Parents Not Become Homeless
Hello, everyone! I currently own zero homes but I am cooking up this crazy plan.. and I need to know if it is actually crazy or a viable option, or to hear an entirely different perspective. I'm 100% open to suggest...
Jorge Zingg
Transfer land from parents to children
Hi,I'm new in this Forum and just signed in because I have an issue which I'm not being able to solve yet:There is a small piece of land my father bouth about 40 years ago in FL. From the tax page of that county, the ...
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 ...
Tina C.
Financial planner referral for retiring parents
My parents will be retiring within the next 2 years and looking to relocate from Maryland to Los Angeles. They currently own their home free and clear but we are unsure as to the best way to leverage the HELOC they cu...
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Do I buy my parents home?
My Parents divorced with a house worth approximately 600k. There's a 200k mortgage left. My mom wants $150kish to buy out her half of the house. Me and my father currently live in the house. He has enough $ for the re...
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Buying a house for the parents
As a first time home buyer, I want to buy a house for my parents before I purchase my own. The idea would be to pay 20% down and parents would pay the mortgage. I could then close on an FHA mortgage paying 3.5% down. ...
Anissa Pearson
Help to save elderly parents home
Hello,I am new to real estate investing. However, my elderly parents are in desperate need of saving their property. I know there's a way that I can help but need some help. Here's the issue: (1) the house needs re...
Clive Smith
Parent and child llc tax question
Parent llC in wyoming - 50% owned by me and 50% owned by my spouse
Child LLC in North Carolina - 100% owned by parent LLC
We brought one 5 unit property in NC in 2021 using Child LLC name as owner and paid cash.
P...
Austin Watt
Proof of Funding from parent / partner
Hello All!I’m working on my first deal on a 5 unit property that the owner is willing to finance. My father and I are partnering on the property and he is going to provide the down payment. I’m working on setting up a...