Steven Straughn
Create LLC for family-owned rental?
Hi BiggerPockets. I'm looking for some advice regarding the transfer of property from my in-laws to their 3 adult daughters. I will, of course, seek advice from a legal/tax professional, but recall from time that I pr...
Jake M.
California Landlord Laws
Hello all! I am a REI. My primary market is Utah. I am now getting into the CA scene to help my parents save some money for their retirement in 15 years. I want to set them up for success as they have had a lot of fin...
Carla Quiroga
What I should do with 120K?
My parents are both over 65 years old and have saved nearly 120K in cash. While my dad loves the idea of investing his money in something like a bond or IRA, given his age, I'm not sure that's the best option. They ar...
Ray Keziah
In-Laws and Real Estate Question
My in-laws have asked my wife and I to refinance their home in order to add our names to the note.
Our situation is that we live in Hawaii at their care home. It's a huge house and there are three families along wit...
Yuzhou Zhang
Bought my first rental property! In Tallahassee - 16% cap rate!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $26,000
Cash invested: $26,000
Condo. 1 Br, 1 Bath. 546 sq ft, built in 1968
Purchased $26,000 all cash.
Cash Fl...
Louis Zameryka
Advice Needed House hack in my parents muliti family home?
Here’s a situation that one of my relatives is in.If anyone has advice or experience I’d appreciate it. I have a family member that is in a bad spot. They have personal loans, heloc, and mortgage they cannot pay based...
Cole Felske
Tenant lied about being a non-smoker. Next steps?
To give some background, I have two tenants (a young couple) renting out a main floor suite from us while I live in the basement suite. So far they've been respectful, pay their rent on time, etc. although since I'm l...
James Mc Ree
Seller died prior to sale.
My scenario is a parent and child own a PA property, but live in another state. Both list it for sale in the MLS in November 2019. Parent passes away a couple weeks later. I offer on the property and offer is accep...
Chris Da
Drug addict/Convicted Felon in unit...Hummm
Hello all, has been a long time...Anyway, need some advice about a situation I had tonight in PA.
About 4 months ago I agree to rent a unit to a girl who I was told, had an alcohol problem in the past, but has been c...
David Bertolaccini
Inherited real estate
HiBeen a member for a while but this is my first post. I have elderly parents who own a multi family just north of Boston. My siblings and I are looking into creating a trust for the property. Eventually the property ...