My grandmother helped my mother purchase a home @12 yrs ago for $50K (it needed a substantial amount of work). Fast forward to present time and my mom has offered to sell the home to me for $100K (currently appraisin...
Hi BP,The seller of our current home wants to sell it to us (he’s moved out of state and no longer wants to deal with responsibilities of being a landlord) and we’re looking for creative owner-financing deal structure...
Hello everyone,
I have a unique situation regarding a real estate transaction within my family, and I'm seeking some guidance and advice. I hope you can provide me with some insights or share any experiences you may ...
How I made $200k after mortgage payments in less than 10 years on a single property and still own it but want more
I bought a 3 family unit in 2009 for $159k with only 3.5% down. $159k -$5650=$153,435+ closing cost...
Ok so here is what I need to know..Im buying a property with cash, what do I need to do to get the title transferred to me? I know I need to get a title search done but then what? Do we Need to go to a real estate att...
I have a partner that is willing to fund my deals. He swears that 15 year mortgages are best, and he will never do a 30 year mortgage because of the high interest. I'm wondering what CoCROI I should be looking for in ...
First post...just learning the game. Please spell out acronyms!! THANKS!!I've purchased two four plexes in the last 9 months, the first was an FHA loan that I put 3.5% down, the second was a short sale that required a...
Hello everyone! I'm a 25 year old guy living in Houston, Texas. I've decided I've wanted to start househacking in 2022. My question is: Can my parents gift me some of their home equity they have built in the home they...
I’m hoping BP will come in handy for me here. I have a unique situation where an elder lady wants to gift me her house. The only problem is she has a reverse mortgage on the property. So instead of gifting me the prop...
Dear Bigger Pockets Members, My relative, who lives in Turkey and is very old is considering giving me a gift of several million dollars before she passes away. She is not a US citizen. If I were to accept this mone...