I relative of mine has been having financial difficulties since the fall of the Lehmen Brothers and AIG and has a property that hasn't been paid off. The bank foreclosed and auctioned the property away for $130,000.00...
I have a foreign relative that wants to buy a vacation home in California. They would use it a few months a year and rent it out when not in use. Most likely a cash purchase. What is the best way to go about this?
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Through discussion about acquiring a large project, we tossed around the idea of getting a HELOC to handle the 20%. Then, out of the blue, my father in law sends me a text asking if we had any ventures to invest in, ...
Looking to purchase another property and have a relative that would be able to provide the down payment? How would I structure partnership as it's a buy and hold? Repayment over X years, % of return, etc.?
Hi BP, To help out a family member I am going to rent out one side of our duplex to him, however he cannot afford the rent on his own so we are looking to find him a roommate. My question is, are there any provisions ...
Hello out there no family! Looking for advice on the best way to fund my first rental deal. Property is currently owend by a relative. They have moved out of country and are looking to unload the sfr as soon as possib...
Hi Folks, Say I purchase a property from a relative, pay them their equity receve the deed in my name and assume the payment of their mortage Subject to. I understand that the original mortgage is non assumable and th...
I have a close family member who has a home in Florida. My wife, kids and I use it as a vacation house a couple times a year. He may end up selling it in the next few years. I would like to hang onto the property ...
I am buying an investment property from a family member for the $125k that they owe on it. The house appraises for $160k so I'm getting a $30k gift of equity to use as a down payment.
The lender is telling me th...
I want to purchase a house in which my aunt and mom are 50/50 owners. I would just be purchasing my aunts 1/2. Financing for this is becoming a real pain. I have a wealthy friend who is willing to give me the $ to ...