Josh Ledbetter
Buying my parents house "subject to"
Wondering if anyone has ever bought their parents house "subject to"?So my parents are wanting to build on my property to be close to us and we are going to build it for them and just rent it to them. In exchange, the...
Titus Chang
Property from parent to offspring then refi?
Good Day! I've read numerous posts on topics very similar, but not exactly asked in the specific terms of what I'm interested in. (Ohio here). My aging parents are looking to downsize out their primary residence (whi...
Kim McCarthy
Bought an investment property with seller financing...
If someone is purchasing a home for their parents to live in, seller is holding the mortgage, as investor the Dodd Frank rule doesn't apply. Would Dodd Frank apply if the parents are on the purchase contract as buyer...
Mary Lloyd
Second home or primary residence
My parents have not owned a house before and I currently have a mortgage on a house with my boyfriend. My parents and I are planning on buying a house together using a conventional loan.For mortgage and tax standpoint...
Mary Chen
Suggestions on performing a 1031
My parents are looking to do a 1031 but they can’t qualify for a loan (the older property would only cover 60% of the new property) by themselves anymore so I’d like to do the loan under my name. Because I’m not an ow...
John Smith
Sub2 Mortgage but Parents Stay in House
Quick scenario: parents have about 20k left on their mortgage, paying over the next 5 years. Low income, barely break even cash flow. The house is in dire need of repairs. They don't really want to move, and we'd like...
Billie Chen
1031 from investment into a second home for family
I have a client who is selling his current investment home which he purchased for his parents ( and with a different lender). We can offer him a loan program which he can purchase a “primary residence” for his parents...
Jon Christensen
Loaning money to parents to help complete their cash offer
My parents are both retired. They recently signed a P&S offering cash for the house across the street from my sister with a 3 week closing (fast!). To come up with the cash that quickly they have to pull money out...
Douglas Gross
Buying a property for my parents
My parents are moving to Florida, where I currently invest in SFHs. I would like to buy them a house, most likely in a 55+ neighborhood (I am not 55 years old, but they are :)). I am looking to put down as small of a ...
Steven Bennett
Underwriting: owner occupied loan by child providing for a parent
Hi folks,I have a question regarding Fannie Mae's owner occupied financing option for "Children wanting to provide housing for parents":https://www.fanniemae.com/content/guide/selling/b2...What information about my pa...