Inga Draper
Managing my parents Vacation home and tax questions
My parents own a vacation home. They'd like me to run the whole Airbnb operation, I would take a 30% management fee (as they would like to pay me as I do have prior experience managing my own Airbnb.) I haven't liste...
Ashley Lovelace
Parent as private lender: closing docs and AFM
My partner and I put in an offer on an investment property yesterday. We had gotten pre-approval for an conventional investment mortgage. Well, after putting in the offer, I found out that for this type of mortgage gi...
Alex Long
Structuring a 50/50 partnership w/ my parents
Hello BP community, new investor here, I recently found a rental property that produces a great CoC return. Turnkey Duplex already producing cash flow at current rents. After running the numbers by my parents, they ho...
Bon Khator
Prospective tenants bad credit ; parents to co sign
Hi - I have a prospective tenant whose credit is not good but his retired parents are willing to co sign ; their credit is good, own their house and have income which should cover the rent pretty easily
Does it make ...
Alan Phan
Advice: Purchasing a Home for my Parents advice
Situation: My wife and I purchased our first home, new construction in 2021. We want to purchase my parents a home to move them out of their current place where they are renting (both parents are in their early 70's)....
Patrick Hepner
Want to begin landlording... can parents buy house?
Greetings, first post here!
Let me be clear that I have no properties currently and am still in the learning stage of real estate investing.
Having said that, I have a question:
My mother has offe...
Zach Geddes
Potential Tax implications for buying house for parents
First thank you for your time.I live in CA and my parents are moving to MN where the rest of my family lives. Due to health issues my parents are now on disability and a fixed income and want to move for cheaper cost ...
Keith Andrews
Capital gains tax on proceeds from parents home
I am hoping a BiggerPockets tax guru can help shed some light on things for me.My wife’s parents added her and her brother to the title of their primary residence in 2008 (because they were paying the mortgage for the...
Tom D.
My Parents Want To Leave Me Their House . . .
My parents have made a will leaving me their home. They're in relatively good health, however, I've read horror stories of families losing homes to medicare. So, I asked them to meet with a lawyer, thinking a living...
Robert Ian Oldroyd
Parents want to invest and so do I.
Hi BP, So Im a senior about to graduate. Im already married and my wife and I are very excited to get started in this line of work. Im a firm believer that if there is a will, there is a way. A possible opportunity sh...