Brenda Kinney
accepting down payment
If you are in escrow, which closes in 5 days, and have accepted a down payment, is it too late to arrange a 1031 exchange in California?This is an inherited property between siblings with 50% ownership each. Does what...
Daniel Jackson
Sweat Equity Compensation Between Partners
Hello,My sibling and I are going to acquire a small office building, which will be leased to tenants.My sibling solely provides the capital for acquisition. Everything else with regards to the property (e.g., finding...
Peter Campagna
Taking People off a Title?
I recently inherited a property from my grandparent, more accurately my two uncles inherited 2/3 and my siblings and I inherited the other 1/3. Nobody else wants to keep the property. My question: is it possible to re...
Nicole Sugrue
Assuming mortgage on family home- so parents can "age in place"
My aging parents can no longer afford the monthly note on their 300k mortgage balance.
I live in NY and theyve built and owned a oceanfront home in the florida keys for over 25 years. Which our entire family has enjo...
Dat Nguyen
1031 Exchange - Multiple title holders, one uses as primary
We are three siblings, all listed on title for a home. One sibling (single) lives in the home as a primary residence for the past 10+ years; the house has never been rented out. The other two siblings have primary r...
Bob Sacamano
Tax implications on renting Duplex to sibling who is also co-owner
Hello!
I can't seem to get a straight answer online by searching for this. My situation is:
1. W2 income puts me in 35% tax bracket.2. Purchased a duplex with sibling as co-owner that will occupy one half of duplex....
Luke Hafstad
$Millions in Land Trust
Hi, everyone!This is my first post on BP, so hopefully I'm doing this right.I've browsed the forums, listened to a ton of podcasts, and have done a lot of research, but I don't have a good answer for this one. I'm lo...
Patricia Thomas
Mother died without a will
Dear Bigger Pockets ,I have a question that I seriously need help with:About 8 years ago my Mother past. She owned a house. She have six children( which are my siblings) and was not married. Shortly after, my mother'...
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Formula for BUYING OUT A SIBLING on a mixed use building.
Hello,
I was quick deeded a building upon my mothers passing. Unfortunetly, its a mess because the building was in a relatives name and when my mother passed the relative quick deeded the building to me for a dollar....
David Hayman
I will handle my moms estate want to develop a plan for rental house now
I will have to cash out three siblings and do maybe $40000. In rehab. Close to very good schools , very safe quiet area higher income area has a pool it is a 1950s ranch. Four bedroom two bath single story on a flat ...