Shannon Moyer
Private money for flip
Hi all, I just upgraded to PRO today! Taking my first step towards REI and flipping. After researching, I cannot find the exact answers I need to for my questions, hoping you all can help! I think I found my first hou...
Seth Sutherland
Financing a House With Family Members (in an LLC)
I'm planning to buy a rental property with a family member this summer. She has the cash but no credit, and I have the credit but no cash. Of course we want to end with the property in an LLC, but I'm unsure of how to...
Jeffery P.
Newbie needs advice (Is there a better way). Time sensitive!
Hello BP, I will try to be short and concise. I currently reside in a townhome with approximately 200k equity! 1st Lien Heloc of 300KGoals: To acquire as much rental cash flow/assets as possible in the next 5 years p...
Ryan Redenius
Borrowed or Gift Funds for Down Payment
Hey all - I'm looking to do my first investment in a 3-4 unit multi-family in Chicago. Due to circumstances, I don't anticipate being able to occupy the building - so I'm prepared to put 25% down.However, I spoke wit...
Arjay Estrella
Buying a rental through a realtor. Do I send a bonus?
Hello fellow investors! I am purchasing my first rental property out of state through a realtor (purchased for 57k) and I am wondering if I should send her a monetary bonus? If so how much? Also should I wait until af...
Account Closed
Adding Son to My Mortgage
I currently own a rental home that still has about $60k on the mortgage (off $100k) value; I'd like to add my son's name to the mortgage so that he might be able to use some of the equity on a payment for his own home...
Alexandra Scardo
Logistics of using private money as part of the cash to close
Next week I have a tentative closing date on my first flip! I have a hard money lender and I’m using private funds from family as the cash to close. How do I actually move that money around? Should I have my private l...
Nathaniel Irizarry
Personal Loan Question for financing a home
I'm just getting started with property investing and want to purchase a multifamily home and househack. If I was to borrow money from my parents for a $100k down payment, how would I draw up a contract or record taxes...
Cam Smith
My mom and dad who I invest in real estate are getting a divorce best way to proceed to avoid capital gains?
Hello all, we own two rental properties in Nevada and a house in California with no mortgage. We inherited the house when my moms parents passed away back in 2008. My parents are getting a divorce and mom wants to ta...
Jeremy Lee
Tax implications gifting a 1031 property
Hey all,I was curious about tax implications regarding the condo I live in (primary residence since 2007) that I co-own with my parents (1031 exchange). They had a prior property that they 1031ed into this condo (and ...