Ben Weis
Partner's parents offering rental as gift to sell for new home
i’d love some help with my first time homebuyer situation. i’m engaged. we live in oakland california my partner’s family is in the bay area. they own several rental properties. they have offered one of their rental p...
Adam Soyak
CASH PURCHASE BUT NEED TO REFINANCE IMMEDIATELY
Hello everyone,I have a cash purchase for 100k that will close next month. 30k of the cash is coming from a family member that wants their money back as soon as possible. I am looking to get a mortgage on the proper...
Dan Cox
1031 and Equity Line Payoff
Hi, I own a rental property...single family residence. I have owned since 2003. I understand when I use an exchange company to facilitate sale/exchange, when property is sold the first mortgage is paid. I have an equ...
Christian Chacon
Ways to minimize capital gains tax
I have a property that I am looking to sale in the state of texas, but before doing so I was looking to see what options I have in order to minimize my capital gains tax. I realize I can always reinvest into a like in...
Gilberto Grajeda
Taking Over Dads Duplex due to debt. Advice please!
Hello BP!So I would like to get insight to see whats the best way I can approach this situation I found my self inI made a loan with my dad and he is unable/ doesn't want to pay me back. He rather offer me his Duplex ...
Christopher Kolasa
Two 1st Time Homebuyers looking at a Multi-Family exploring FHA
Hello, Background: I'm looking to buy my first multi-family rental property, a spacious two family home caught my eye in Rhode Island for about $180,000-$190,000, which should be able to get $3000 in rent a month, it ...
Sophia Berry
Help! Easiest way to transfer ownership of my Mom's Home
Hello all,I wanted to refinance my mothers home in my name however, apparently according to my conventional lender, she would have to sell the property to me and I would have to complete the transaction as a purchase....
Justine M.
Foreign Investor (family) guidance
I've been reading all the input from people on a few different threads about foreign investors and still am kinda murky on the issue. Obviously I need to consult a CPA and Lawyer, but currently I am trying to minimi...
Matt Hendrickson
Using Parents' HELOC to purchase additional properties
Quick question for all the bright Bigger Pocket's minds. I'm currently living in Kansas City, MO. I own 3 real estate properties at the moment. I'm trying to grow a bit faster in me goal to financial independence.As p...
Kristen Ray
Lending confusion Please Help
Hello Bp!Can someone please help me to understand the lending process.Can investors use a gift from a family member for a down payment?In what circumstances will a bank lend to a LLC? I have had lenders state that the...