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...
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...
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...
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...
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. ...
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...
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...
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...
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...
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...