A family member of mine make some bad financial decisions several years ago and tried to keep it quiet by borrowing money at terrible interest rates from quick loan companies. They have a single family home that needs...
Hey everyone,So far BiggerPockets has been nothing but amazing for helping me on my ways to a successful real estate career. I have a couple of quick questions for those out there that have been in this for a while th...
I know I am a little too young to get started but I have always had this dying passion for real estate and know it is something I will always be doing when I save up more money. I am constantly spending hours and hour...
I'll try to keep a long story short here but I need some opinion on how to exit investment gone south:A family member (A) purchased a property for another family member (B). The intention I believe was to fix, move i...
Hello BP, Considering making an offer on this property for a flip. The area has great schools and a warm market, so I'm feeling conservative and confident regarding the ARV. I would be using a Hard Money Lender to d...
Hello World! I'm new to BP and from what I hear this is the absolute best place to get helpful information. I am preparing to purchase my first SF to house hack through a Conventional loan with my bank. I can comf...
My husband and I purchased a rental in OK about a year ago and the tenants are asking if we would allow them to install a storm shelter (the house does not have any). They are also wondering if we would pay full or pa...
I am in the middle of a career change from law-enforcement to real estate. With law-enforcement I see financial security. However, I noticed that the rate in which new agents opt out of a real estate career is rather ...
Hi all, My wife and I are currently considering a relocation for a new job opportunity in the Southeast. We have been in our current house in Framingham for a bit over a year. We paid 20% down, and after discussions w...
Hi,
I've read prior posts about permissibility of renting a 1031 exchange property to family members (as long as it is fair market rent and well-documented).
Is it permissible for the parents to leave the property i...