Kyle Kendall
HELOC for down payment, lender issues
Hello, first post here. I'm in the military and planning my next move to San Diego and I'm trying to figure out how to position myself to buy another property with very little cash available. I've kind of gotten into ...
Nghi Le
Purchase House From Family Member
I never thought I'd buy an investment property in Seattle due to the crazy market, crazy laws, and the 0.5% rule (or less) here, but a deal kind of fell into my lap this week. I'm a newbie when it comes to rentals, b...
Robert Loiselle
tax implications of a gift of equity
Hello BP, My wife and I are buying a house from my wife's aunt and she's giving us a great deal. We're getting the house for 300k and it's most likely worth around 375k or possibly more. I'm starting to lean towards ...
Seth Bender
Approved for all but a few thousand of loan
Hello and happy new year. My question is that since If I’m approved for most of the loan and short only a few thousand can I avoid the 2 month waiting period that is a result of a gift by just stating that I have the ...
Alexander Straffin
First Property: Purchasing from Family Member
Hi All,I am working to purchase my first investment property (single family home) located in Vermont from a family member.The home is appraised at roughly $50k more than purchase price. I have been working with Rocket...
Ryan Robbins
Deal / Entity Structuring Tips- Family partnership, Non-Arms Length Transaction
Good afternoon everyone,
I am looking for some general advice regarding structuring a deal that my brother-in-law and I are working on. This is our first deal, and we'll be purchasing the property below market value...
Jack Black
Sharing Commission to a non licensee
In Florida a sales associate can share their commission as long as you fully disclose it to all parties but I'm confused with the following statement in my pre-licensing course:A sales associate wants to give the asso...
Jeanelle Ignacio
Strategies & Tax Implications for purchasing commercial property from parents
This is my first post for some insight on this great forum...and it's got a ton of moving pieces.My husband's parents own commercial property (free & clear/no mortgage) on a large lot that has a board and care (as...
Wes Y.
Selling SFH, Capital Gain Exclusion
This is my first post so forgive me if this wasn't the correct forum to post this question. My friend and her adult son have lived in a SFH together for about 20 years. During this time it has appreciated from about...
Tariq B.
No more Lowe's Gift Card Loophole/Discounts
Hello all, So some of you may or may not be aware of the practice of buying second hand Lowe's/HD gift cards online in return for a little discount. It was something I started to do every now and again. Didn't see muc...