My income and savings don't allow me to get into real estate alone. I've been trying to find an "out" and I managed to get my parents to consider the prospect of lending me some help but they are the glass half empty ...
Hey BP Community,First, I've searched around other forums for some specific answers to my questions and didn't find any. Forgive me if these have already been covered elsewhere, and if so, just direct me to where I ne...
Could I buy my parents house under an LLC for say $5000 and keep it as an asset deferring the capital gains tax into another property?
My partner and I are trying to get pre-qualified to buy an investment property, however I helped my parents buy their home and it is under my name. The bank states because of this our DTI is too high. Should I put the...
My wife's parents (mid to late 70's, one terminally ill with COPD), have just sold their place in Florida and are going to need to find a place here in Central Maine. They've always lived in mobile homes, so it would ...
Fortunately, I actually like my parents. I'd actually enjoy having them live downstairs in the finished basement apartment —if I only had one. My parents live 7 minutes from me in a rental house. They're at an age whe...
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Buying a house on a lake (with my dad, clear orders of operation, good relationship) with a plan to renovate it over the next 3 years and then sell it. If the llc isn’t really bring in any income until sale- would kee...
Can my sister and I donate land my deceased parents received deeds through in tax sales? We did not go through probate as remaining properties were taken care of prior to them passing away. We do not want to spend m...
Hello All,
I am looking to buy a rental property with my parent (full cash no loan) and we are trying to figure out how we should set up the agreement in order to get the least amount of taxes paid and most amount of...