Robert Marx
Mobile home title search by Bureau of Motor Vehicles
My parents are selling their double wide mobile home, and they have an outstanding mortgage balance on it. The buyer's lender wants to see a clean title, but insists that the title check goes through the Bureau of Mot...
David Bertolaccini
Inherited real estate
HiBeen a member for a while but this is my first post. I have elderly parents who own a multi family just north of Boston. My siblings and I are looking into creating a trust for the property. Eventually the property ...
Thomas Johnson
Can my parents loan me down payment from their Heloc?
Hi guys,
My folks have substantial equity in their portfolio and want to loan me enough money so that I can avoid PMI. Is this legal? Can they give me a second mortgage? What are the tax implications?
Thanks!
Jason Bourne
Critical Situation Forced me to Join
Hello everyone, I am new here, Obviously :-) I don't want to get into extreme detail on how I am in my situation, but I will give you everything you need to know. I am a founding team member of an enterprise software ...
Mary Chen
investment property tax reporting with multiple partners
Kind of want to see if this is possible or absolutely not (I'm thinking not but just curious what others think). So my parents are doing a 1031 on their old property to buya new one. My brother and I would like to be ...
Craig Fairfield
Series LLC + Insurance Coverage
Need some perspective on insurance coverage as I'm unsure of the advice I'm getting from my insurance agent and lawyer.We currently have 4 properties in their own respective LLC rolling up to a parent LLC. This is in...
Alik Levin
TurboTax, Schedule C, Wrong Federal Refund/Material Participation
Dear all!Hope your tax season going well.I am using TurboTax Self-Employed online to file my day job's W-2 and rental business taxes. I manage my properties through single member LLC.When I am at the Schedule C the lo...
Michael Fortier
Two college kids, one with full year up front
Hello BPI just closed on my first SFR rental house less than a week ago. I put an ad on the popular rental sites 2 days before closing and got flooded with applicants before I could even show it. Yesterday we were clo...
Mike Stephenson
Selling my LLC owned investment flip to a family member
I have an investment property that I was going to flip but now plan on selling to my parents. This property is owned by my LLC. Thoughts on the best way to transfer the property. The plan is to sell at 80% of the fair...
Andrés Medina
Privately Financed Mortgage Notes
My parents are facing the following situation, looking for help.They bought a home in May of 2000. Privately financed mortgage from the owner that they bought the house from with balloon payment due in 10years at 8% r...