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...
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...
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...
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'...
N/A N/A
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 ...