Julia J
Renting to students
Hi,
I want to rent one apartment to 2 students, they are friends. One of them works and will be paying himself. The other one will have the rent paid by his parents. Should I get the parents' name on the application ...
Myles Kennison
What kind of partnership agreement is this?
A few years ago, my parents placed my name on their mortgage and title so that if anything were to happen to them, there would be no issues about me getting the house. I am trying to buy my first investment property b...
ADRIAN GUTIERREZ
Home equity loan on inherited property
The home is fully paid off and I am currently living in it. We do not wish to sell the home But I will continue to live in it. My parents left a will Stating that if the home was ever sold the amount would be distr...
Trent Wright
Renting house from parents & hoping to sell and share profits
Hi everyone - I'll preface by saying im a total newbie when it comes to real estate, but I'm extremely handy which is why I was able to work out this arrangement with my parents in the first place. I have some questio...
Angelina A.
Principal Residence as Investment Property?
Hello!
I am purchasing an investment property for my elderly parents to retire in. My lender is offering me a “Family Opportunity Mortgage” option- a special borrower eligibility occupancy rule in which Fannie Mae e...
Mary El
Transferred title to my new LLC
I just moved my SFRs out of my name and into individual LLCs. For one property I want to do a 1031 exchange. Does my LLC have to hold the property for 366 days before I can do an exchange? I've own the property for 27...
Lakshay G.
Unique Situation Regarding Financing and Ownership
I am ready to start my journey in real estate in buy and hold field. My wife and I live in a house that my parents own and pay them money for the mortgage (not calling it rent as my parents aren't profiting from me). ...
John Teachout
renting to someone funded by a third party.
I'm pretty sure this has been addressed before somewhere but I had no success searching the site.I have a 3/2 ranch SFR we're refurbing. The neighbor kid came over with his fiancee and they are looking for a home to r...
Account Closed
Parents co-signing lease, will they see I'm living with boyfriend?
Hi all, I am currently looking for an apartment and have a job, but living on my own isn't exactly an option. I plan on living with my boyfriend of 4 years, but my parents will also need to co-sign the lease. I will b...
Nicole Sugrue
Assuming mortgage on family home- so parents can "age in place"
My aging parents can no longer afford the monthly note on their 300k mortgage balance.
I live in NY and theyve built and owned a oceanfront home in the florida keys for over 25 years. Which our entire family has enjo...