Terry Portier
Inheriting Property, Probate
What is the best way to inherit property from your parents or set up for your kids if you die so that Uncle Sam does not take a huge chunk? Assuming the property is free and clear.
James Thompson
Family Opportunity Mortgage
Anyone has experience with this loan? Secondly can it be used for a child going to college in another city or not? Thanks!
Louis Zameryka
Advice Needed House hack in my parents muliti family home?
Here’s a situation that one of my relatives is in.If anyone has advice or experience I’d appreciate it. I have a family member that is in a bad spot. They have personal loans, heloc, and mortgage they cannot pay based...
Bryan Balk
Child Support Lien
We bought a house with a Child Support Lien on it from the state of Illinois. On our other homes with certain liens on them we have always been able to negotiate the lien down or have the title company insure over a ...
Uzair Syed
1031: Rent to Child, then give in Inheritance to that child?
Hi,
I've read prior posts about permissibility of renting a 1031 exchange property to family members (as long as it is fair market rent and well-documented).
Is it permissible for the parents to leave the property i...
Josh Gold
I had an idea about "Syndication", what do you thinK?
Hello Everyone,I'm toying with an idea that I had today and was wondering if the forum would help me shoot holes in it. I'm thinking about a family syndication that would allow the parents (my parents and their sibli...
Bradley Bladon
Series LLC as a Foreign LLC in my home state
I'm in South Carolina, which does not offer a Series LLC and I only plan to buy rental property in SC. Let's say I form a Series LLC in TX for example, I'm assuming it then needs to be registered as a Foreign LLC in ...
Stanford Walker
Is it possible to invest in Real Estate under age 18?
Hey BP community. I am 17 years old and have been wanting to get into real estate for about a year now. I have been constantly reading books and listening to all kinds of podcasts about REI. I know i can’t sign any le...
James Mc Ree
Seller died prior to sale.
My scenario is a parent and child own a PA property, but live in another state. Both list it for sale in the MLS in November 2019. Parent passes away a couple weeks later. I offer on the property and offer is accep...
Ryan MacDonald
Intestacy inheritance in Texas of an adopted child
First I am not an attorney so please don't take any of my information as legal advise. Please consult an attorney for your specific needs. That being said, I buy a lot of distressed real estate and partial interest ...