Is it possible to my solo 401k to co-invest with my daughter's SDIRA? I wasn't sure if this was prohibited as neither of us benefit, only the retirement accounts see a return. I'm wanting to open an SDIRA for my child...
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Hello, Wonderful People of The BiggerPockets Community! I have a house in the Denver area that I house hack. This Summer I have a student from California coming to Colorado for an internship. He is 21 but he is going ...
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Happy Memorial Day Weekend!!!I own two investment properties and I don't have an LLC started yet. I plan on creating one but I had a conversation with my sister (she is a commercial litigation lawyer) and she said I s...
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Hi,My parents are looking to sell their house in Arizona and move back to upstate New York. I figured this might be a good time to help get them their first rental property. The house appraised for 315k and they owe 1...
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Hello Everyone,I'm toying with an idea that I had today and was wondering if the forum would help me shoot holes in it. I'm thinking about a family syndication that would allow the parents (my parents and their sibli...
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I posted about structuring a partner deal with my parents a couple weeks ago, and I think we've decided on a private money loan, so I'm just trying to figure out the best way to get started so I can be ready to write ...
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Hi All,
I recently purchased an investment property in California that i rent to my parent however i charge them less than the mortgage fee. It's $100 less than the monthly mortgage. I"m wondering if that wil...
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Hello guys,My parents own several properties in San Jose and have been using the same tax guy for 20 years or so. However, I don't think he is very good. Basically, they use him because he is cheap and they have used ...
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I have a parent that wants me to help them relocate from SC to TX. They need to slightly renovate their home before moving but can not afford to do so. It is owned free and clear. I am not going to put money into a ho...
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I have a rather interesting situation that I'm not exactly sure how to handle. So my parents are getting close to retirement and would like to make a few investments to help solidify their retirement future. Now the i...