Daniel Morrison
Buying Property from a family member
For the last 14 years I've been renting from my father, November of this year that will change. I will be purchasing the property from him for $40,000 under market value, marking my first purchase into my real estate...
Cheryl C.
Using discount gift cards for Home Depot & Lowes
I have been purchasing discount gift cards for HD and Lowes and the savings have been substantial. You can get a Lowes card at a 10% discount and HD at 7%. If you combine this with the mover's package the savings ca...
Shivam Patel
LLC Transfer Process
Hello Everyone,
I am actually relatively new to real estate, but my father actually owns 4 properties under his name. He wants me to take over the business and I have been following Bigger Pockets podcast to learn ...
Heather Fullerton
Best way for my mom to gift me her condo w/o capital gains tax
My mom bought a condo for 150,000 over 10 years ago. Probably worth 190 today. She has rented it out for several years and now wants to give it to me. Shes figuring she will have to pay about 30,000 in capital gains t...
Walter Duffy
***We don't want to be home owners anymore ***
Hello everyone. I wanted to lean on some of you that have experience. My in laws live in Greenwood SC said they do not want to own any more the would rather rent from us so we can benefit from the tax advantages. They...
CJ B.
Broken Fridge Scenario
Just wanted to throw this one out there. I currently have a scenario where my tenant has called due to a broken fridge in rental. I am responsible for the appliance, but she's wanting a reimbursement on the lost food ...
Deron Jewett
FHA 203b House Hacking Qualification with Existing Mortgage on Another Property
I am the remainderman on a Florida "Ladybird Deed" (Enhanced Life
Estate) on my parents home. I do not currently own a home. The mortgage
is assumable upon their demise (and at a rate lower than those currently
...
Joshua Schmidt
Rentals Depreciated Out...now what?
I have a friend that has about 12 properties they have had for over 27 1/2 years. The properties are completely depreciated out, they are all SFR, and I'd like to be able to give them solid advice. We have already s...
Stuart Paul Gibbs
1031 exchange, rent to equity possibility?
Parents would like to do a 1031 exchange to a new house for their daughter and son-in-law to live in. Daughter and Husband would pay market rent, but are hoping to be actually be building equity in order to take owner...
Derek B.
Will having parent cosign keep my credit free for more deals?
Me: great W-2 income, excellent credit, practically 0 debt, plenty of savings, west coast. Mom: fixed income, retired, renter, worried about rent increasing, east coast. While looking for my first RE investment, my mo...