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I had a tax question relating to a HELOC. I was recently given money via my parents from their HELOC to purchase an investment property (5 unit). They have no controlling interest in the property, and I purchased it ...
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I have formed a Series LLC for my rental properties. What are your thoughts on utilizing Protected Series 1 as the management protected series, responsible for managing the operations of the business? Protected Series...
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Hey Guys -I bought a house 9 months ago. Paid 183k just sold for 255k. Closes next month. I don't see any homes on the market I like. I also think it may be a bad time to buy. Can't really tell. Should I move back in ...
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I've heard it a million times, "never rent to family." Being the naive person that I was -- possibly still is -- I didn't listen. I rented my condo out to a family member in 2013. By early 2014, I noticed their rent p...
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We found a house we want to purchase. My parents want to help us pay for it and we pay them back on interest. What is the simplest way to do this? Here is what is being considered:SCENARIO 1):1) Parents loan us money ...
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Hi BP community,First I wanted to say, 'Hi' to the community. I've been listening to podcasts and been learning a lot. Yes, I want to have a few real estate investments, but first I have a scenario I hope someone ca...
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Greetings all,My wife and I have four rentals in four different states and after I cam across a BP podcast last month, we have been considering our options to finally get serious about our investments. However, we ne...
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My neighbor is selling a house with a pool in an area where pools are not the norm. Her backyard is a child's paradise, but two separate showings have had the kids ON the pool deck with zero adults anywhere near. The ...
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I have just made an offer on a college rental. How do you screen since most of the students don't have much of a credit report. You do have them or their parents sign the lease
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Parent now in seventies bought house for sibling approx 15 yrs ago. Agreement was to pay note to parent. Never paid. Parent running low on funds...out about 150k. Property worth approx 150k. Still owes 80k. Parent (m...