I am selling an investment property. I would like to pass the proceeds to my daughter in the form of buying her a house (she currently rents). The house will sell for $160,000 we will net about $100,000. I want to av...
I am looking at purchasing a property that is zoned for residential and commercial, its a perfect spot to open a gift shop. My mother will be living there and running the store, and I would be the Landlord and partne...
I will be a first time and new Grandfather early summer 2018 -- stoked about that for sure!!I'd like to purchase a 1 - 4 unit right after birth on behalf of the child...when he/she graduates from high school he/she wo...
Scenario: Remarriage later in life. Surviving spouse now owns house outright. Future 50/50 split desired to both sides of family upon surviving spouse's death. Current will states 50/50 split upon surviving spouse'...
I realize every lender has different requirements but, I’m wondering if anyone has ever gotten approved with having $0 in liquid assets in the bank. If you have, please share.
background: Almost perfect credit just...
The house that I currently live in is in my parents name. They originally bought it using a HELOC loan from their house since the house was paid off. I now live in and pay all expenses on the second home so I am looki...
I am just about at the finish line on closing on my first investment property 11/4 is the close date. I have an investor gifting me the funds to close. The bank is making it hard saying that a friend can not gift the ...
Hello BP users, hope you all are having a good Labor Day weekend. I have a question concerning low money down creative financing. I'm not incredibly new to BP, but I still haven't pulled the trigger to invest yet, be...
I have a property where the seller wants $175k for it. It’s in excellent condition. No work is needed to it at all. It’s been completely updated. The comps put it at $285k in excellent condition.How difficult would it...
Please read this plan of attack, which my loan agent wrote for my private lender and me.
(Private Lender)- Purchases home at $100k
Renovates the home for $20k
ARV: 160k
I will buy the house from him @125k.
He w...