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Results (10000)
Robert M. Parents loaned me down payment for duplex, I sold it, now who pays capital gains?
3 May 2024 | 33 replies

In 2016 my parents loaned me the down payment for a rental property ($150k toward a $600k duplex in a midsize East Coast city). There were no formal terms or expectations - it was just "here's the money, don't be dumb...

David Denney Please advise- no cash - great deal
5 January 2024 | 8 replies

Need advice on a single family rental. My parents bought the hime for 57k. My father and I completed a full remodel. He now has 70k in it. I helped him get it rented- 1200/ month.My parents have decided to offer the h...

Jeremy Lee Parents want to gift their portion of co-owned property?
20 February 2018 | 3 replies

Hey all,My parents and I are tenants in common on a property we bought back in 2007. My wife, kids and I currently occupy the property and the ownership split is 25/75. My parents want to gift their portion of ownersh...

Aubrey P. Inheriting RE - taxes, ownership, advice in General
5 December 2017 | 2 replies

Although the tax reform bill is still in conference and hasn't been passed, and the final bill will require study in conjunction with a discussion with a real estate savvy CPA to understand its implications on my part...

Joe DiMarzo Paying back my partners
15 March 2013 | 6 replies

I own 3 duplexes with my parents. We bought the last 2 in May 2012 and August 2012. All 3 duplexes are paid for, but they paid for the last one themselves because a lot of my cash is tied up from the second property. ...

Mary Chen Need help to gauge likely auction price of a property
18 May 2018 | 1 reply

Hi Everyone,My parents have a $200K junior lien on a house valued at about $1M.  My parents also have a $200K court judgment for a judicial sale on the property against this lien, but they have not exercised that judg...

Bryce Brown Buying House From Family
21 September 2022 | 1 reply

Hello,I am looking for advice on structuring a purchase from family. My grandfather recently passed away and my parents have had his house in their name for many years. I have always expressed interest in purchasing t...

Ryan Carmichael Need a little direction - paying back family for house
3 April 2020 | 3 replies

New to the forum and in need of a little direction.
Background: During my education, my parents bought a house for me to live in...paid in cash.  Now that I am out of school I am in the process of purchasing the prop...

Caleb Clapp Good Deal? $600,000+ Family Flip Strategy and Contract Terms Help
28 February 2020 | 4 replies

I've finished my first solo live-in flip (Mindy Jensen style) and have the option to take on a much larger project, my parent's partially renovated home. They got the garage and bonus room above it down to the studs b...

Damien Clark Tax issue!
28 April 2014 | 13 replies

I had to purchase my primary residence with my parents credit, at the time I couldn't get approved. While I know it does not matter I paid all the closing cost, down payment, taxes and mortgage payments each month...