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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...
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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 ...
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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 ...
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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...
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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...
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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...
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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...
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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...
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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...