Michael Theo
Prop 19 Parent Child Exclusion for Multi-Unit Property
Does anyone know how the Prop 19 parent-child exclusion applies to multi-unit properties. My parents and I occupy 2 units in a 4 unit property as our primary residence. If my parents transfer the property to me will t...
Kristen Chuy
Newbie trying to navigate off-market purchase from parent
Hello everyone! I need to preface this by saying I’m a total newbie. I’ve been listening to biggerpockets, reading books and researching for the past year or so. I have the opportunity to purchase the duplex I current...
James Carlson
Lease for student whose parent will pay the rent?
Any advice on renting to a student whose father will pay the rent? I have a furnished property in Denver and just received interest from an attorney in New York, whose son is starting school at UC Denver in the winter...
Marcus Brown
85 Year old Parent / Passing property On ( Tax Questions)
Should a parent give your children Real estate as a gift for tax purposes or sell it to children for $100.00 Whats the best way to handle a situation like this.
Will Gaston
College Student Rentals: Parents are worse than the Students!
All:I have a large college student rental property business (~150 students that rent from me) and have been buying houses/apartments and renting to college students for 12 years.Despite all the nightmares you've heard...
Saran Mandhadapu
How to setup parent and subsidiary business bank accounts?
Hi,I have formed a holding/parent LLC company and a subsidiary/operating LLC company which is 100% owned by the holding/parent LLC. The idea is to buy rental property in the name of the subsidiary/operating LLC.I was...
Lindsay Henning
Renting from out of state parents - illegal lease provisions?
I live in San Diego. I'm 32 years old. My parents finally after 10 years of me suggesting, bought a house so I could rent directly from them. It's a four bedroom. They want $2400 in rent so obviously I wanted to have ...
Carlos Rodrigues
Potential to Partner with Parents (How do protect them?)
Good evening BP, for those who don't follow me my name is Carlos Rodrigues and I'm agent seeking a REI Partner. I was discussing with my parents about partnering up on a deal. They have the cash and I can find deals a...
Rich E.
How to evict a minor and keep the parent?
I have been a landlord for quite a while but this is a new on for me.The Situation: A father and his 17 year old son live in one of my apartments. Their one year lease recently expired and they are on month-to-month...
George Post
Parents Gift to Purchase a SFR- Taxable Earned Income?
Good Day!I have a client who is being gifted $170k to purchase an owner occ. SFR as a primary residence. The donor is her father who will also be living there as his primary residence, but will not be going on title. ...