Chad Pore
LLC Financing Question
Hello,Here is the scenario:Set-up an LLC with my dad and brother to begin buying/owning real estate. We are in the process of BRRRR'ing or first property.My dad and mom have owned a single-family rental home for over ...
Daniel Kaplan
House Hacking as a College Student
Hey BP fam! Thought I'd reach out in the forums for some guidance before I do an internet deep dive on this. My friend and I have a combined $40,000 and are looking to house hack a quadplex for 2 years before we gradu...
Joe B.
Inheritance now or latter?
So I've got a unique situation. I am currently living on a 10acre piece of land it is owned by my parents. They are in the process of putting everything they own into a trust. The land I live on is going to be my inhe...
Jay Gibson
Gift of Equity and tax implications
I am purchasing a house from my parents under market value. FMV is $450k. My parents need to net $310k from house once everything is done. The lender is suggesting a sales price of 450k and a loan amount of 326k with...
Kenny Rains
Is This Version of House-Hacking Viable?
I am looking to purchase a multi-family home in Q1 2018. One strategy to accomplish this goal is to purchase a duplex along with my parents. The duplex would not be an investment property for them as they would use on...
Jeremy Lee
1031 Exchange and Tenants in Common
Hey all,I live in a condo here in Southern California that I co-own with my parents as "Tenants in Common." They had a cabin property that they rolled over via 1031 exchange into this condo back in 2007. I put a small...
Jerry Baldwin
Buying house for cheap from grandparent
Here's the situation. My grandmother is 93 years old and is in assisted living. She has been renting out her house for the last ten years or so with help from my parents. After finally evicting a tenant they've been t...
Kevin Sha
How should I turn my parent's two condos into more property?
My parent's bought two condos in Orlando, FL maybe 10 years ago for around 60k-70k each. They're fully paid off and have tenants in them. The value now for each is probably $100k+. I don't know all the numbers fully y...
Marshall Leipprandt
Co-Borrowing w/ In-Laws
My wife and I are looking to buy an investment property in FL near her parents. We currently live in CA, but will most likely be moving to FL in the next 5-10 years. We pitched the investment property to her parents, ...
Albert Velasquez
What to do with 100k in the bank?
18 months ago my parents had to short sell our home and rent it from the seller. Today our financial situation has completely turned around. We have 100k in the bank and don’t want inflation to destroy it. We want to ...