Hey guys, ive been thinking about this a lot and if anyone has experience with parents handing down a house or taking over your parents' house mortgage please advise.Background: There are 5 people currently in this to...
Hey all,I have been looking for the past 6 - 8 months at properties, reading books and listening to podcasts. I believe I am ready to buy my first investment property(Multifamily HouseHack). I am already pre-approved ...
Hi all,Have a rental under contract where my parents bought out a partner long ago before the property became a rental for a 50% interest. I have claimed income, expenses, and held all loans 100% on tax returns since ...
Hey BP community,
I have a question regarding a 1031 exchange with my parents. They want to sell an investment property and use the 1031 exchange proceeds to help with putting a down payment on a house for my famil...
My in-laws are looking to buy a short term rental property and would like my husband and I to property manage for them. We have no experience with working with other property management companies and are wondering wha...
Hi there. I have a scenario I'd like to run by you all. I'm worried that I might be making a mistake on several fronts, but I don't know who to ask. My realtor didn't fill me with confidence.My mom and my grandmoth...
Let say I have a Parent LLC that owns a Subsidiary LLC and I am the Member Manager of the Parent and the Manager of the Subsidiary. When signing documents on the subsidiary, do I sign as the Manager of the sub? Do I h...
Hi BP Community!
I have been seriously thinking about improving my parents rental property (which I live in) and adding a 1/1 in the back or 2/1 if possible. The property is 20 minutes SE of DTLA and can honestly sa...
Hey guys,Wanted to get some input on my current housing situation and what some options might be. Currently, my wife, son, soon-to-be-born-daughter, and I live in a 3bed/2bath condo (bottom unit) in the Northwood area...