Festus Emore
Should I acquire the property in my LLC or in my name?
Hello all,
I have an old single-family property built in 1960 being given to me from my elder relatives. I plan on selling the property so I can take the profits and reinvest it into something better. Knowing that I ...
Mark S.
Renting to Mom - Tax Strategy
Mom is getting older and it likely makes sense for her to move out of her house. She is retired and her income is low. I'm exploring the possibility of buying a house and "renting" to her. Trying to figure out the ...
Ryan Taylor
DSCR Loans and seasoning
When it comes to a DSCR loan...does the down payment percentage have to be seasoned funds?
Doug Karkow
Beginner's Question for Investing with Private Money
Hello BP community! This is my first post, so set your expectations low! Here goes ...Rather than save my way to down payments using my W-2 income, it is easy to imagine how using private loans could accelerate my REI...
David Jensen
Please Help With My First Deal: Vacation Rental in Palm Desert
Hello BP!I've very new to BP, but have lurked and engaged a couple times over the past weeks. I was hoping for some problem solving ideas and honest opinions on my potential First deal (My Parents' out-of-state vacat...
Barbara Wilson-Scranton
Getting Started through tragedy
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $73,000
This was an inherited house. We decided to rent it out. We are using the equity in the house to fix and remodel...
Manuel V.
Hypothetical - 35k either cash or mortgage
I am doing some hypotheticals and assuming I have 50k to invest in a property to hold that's 35k. What deciding factors would you consider on either doing an all cash vs mortgage?
Assumptions:
1. Appraisal - 70k
2...
Cole A.
Tax Deductions on Joint Tenancy Rental-- Title vs. Mortgage
Rentals that are in my name only, Schedule E deductions are pretty straight forward. Here is a more unclear scenario in a family partnership:Rental property investment loan purchased with the mortgage in fathers name....
Susan O.
Buying property w family member to Qualify. Then Remove Title?
Could a father and daughter buy a property and qualify for loan together with shared title. Then later remove the Father from title a year later?As long as the Daughter is making all payments on the loan and paying b...
Jim Lin
Can Mother remain landlord if not property owner?
So we may be given a property from my mother (currently rented out 2 units) and wondering 3 questions:1. if she can continue to lease out the property under her current lease agreements and collect rent (and keep it)....