Savannah Cronk
Strategies for selling home to family member
I'm wanting to sell one of my properties to my mom. The current loan is about 200k the appraisal 6 months ago was at 425k. With her income she can qualify to purchase about 350k. I want her to be able to purchase with...
Syd Thompson
FHA Loan to purchase a multi family unit
Looking to invest in a multi family complex with son who would be utilizing his first time homebuyers loan. Any advice on how we would both benefit from that, as we will likely be providing the down payment and sharin...
Jonah Kolsrud
Creative Ways to Increase Cashflows
Hey BP members,In a market which is fiercely competitive, I am looking to figure out how I can make numbers on potential properties be even more profitable with such limited inventory. I have seen in previous posts (s...
Donald Hendricks
Can Buyer Pay Sellers Capital Gains Tax?
I purchased my home & land in December 2014. Since that time my neighbor sold his land and the new owner and I have been fueding. The new neighbor wants to buy me out. I have agreed to sell, but not until Decem...
Jahleel Vester
Found a Deal, Now to Fund the Deal
Greetings BP People! My name is Jahleel Vester and I just graduated college a little over a month ago. I'll be starting my new job as a Loan Officer soon and I have been listening to BP for a little over a year. I hav...
William Lemmond
Using OPM but CASH!?!?
I'm looking to purchase some deals with others cash. They want to essentially be my bank. One; How do we go about transferring the cash without heavy taxation i.e. red flags. I will be buying through a n LLC/business ...
Flint Marko
Do you need a real estate agent if you will be buying a house using 'Gift of Equity'?
Looking into buying a house from a family member using gift of equity to make the downpayment. I've heard that these sort of deals are usually the easiest to carry out and can typically save on additional costs such a...
Brian Cousins
easiest way to add someone to title
I am getting into a flip with a partner, the partner is buying the property under their name, they have the cash, I am working on rehabing and then we are going to sell. How can this be set up so when we go to sell 1...
Patrick Britton
When providing a referral to a valued client, never do this:
Recently, I asked a "vendor" with whom I've had a professional relationship for 4 years for a referral to a real estate agent, because the previous two I had were idiots. He gave me a brand-new rookie, fresh out of l...
Jon Klaus
Parent gifting home to child
In Texas, what's the most straight forward way for a parent to gift a home to an adult child? Home is free and clear.