John Garb
Sell parent’s rental portfolio or find property manger?
My father has a few small rental buildings in the NW Chicago area. He was the primary property manager and jack of all trades for the properties, but recently he had a massive stroke. His stroke was really bad that he...
Blake Pedersen
In need of advice for helping my parents
Hi everyone, I'll try to keep this short. I appreciate anyone who takes the time to read this:My grandma owns a property with a few rentals on it. She's a very stingy person and refuses to properly maintain her proper...
Steven Osterhout
Series LLC: Parent or Child LLC on Title?
I have established a Series LLC in Oklahoma. I have 15 rent houses currently. The owner is carrying the note at this time but I am about to get a couple of the houses in my name. When we officially move these houses o...
Vanessa Davis
1st Investment Property Purchased as a Single Parent.
Investment Info:
Single-family residence buy & hold investment in Elsmere.
Purchase price: $107,000
Cash invested: $107,000
Purchased as primary residence as a single parent to two kids. Converte...
Michael G.
Best mechanism for taking over my parents' property?
I have a situation that I could use a little guidance on. My parents (retired) own a property in California that is currently rented out to tenants (breaks even). The property has an ARM at a current rate of 3.375%. ...
Tashina Taylor
Parents in a pickle. What are their options?
Good morning,My parents are currently renting out their 70's era manufactured home. The tenant accidentally flooded nearly the entire house. When my parents went to go make an insurance claim, the inspector found evid...
Daniel Soyars
Property adjacent to my parents! I need advise!!??
Please help! I have an opportunity to buy the vacant land next to my parents for a total of 10 acres (5+5) in a great area. I would like to buy and hold but its vacant. Any ideas on how i could proceed. I dont have cash.
Jeff Bagamaspad
Cosigning for Parents or my first rental property?
Hi all,
I apologize if I didn't post in the right forum.
Parents are in a pickle. In a Ch 13 which will be discharged upon close of escrow, leaving them with only $70K. Dad's score is around 590. Dad is 72 and mo...
Benjamin Nitz
Help with Proof of Funds - Private Investor (Parents)
My wife and I are looking for our first BRRRR deal right now and we are planning to partner with my parents as our "private investors." We are looking to submit an all cash offer tomorrow, but we are unsure how to nav...
Christopher Hydrick
Parents supplying property for daughter and her spouse
Hello all:
I have a question that is giving me quite a bit of difficulty. I figured that this would be a good last stop before paying for a real estate attorney consultation.
My wife's parents are buyin...