Daniel Sanchez
Renting out our home with my parents on the mortgage
Hi all,
I'm new to all of this and hoping this question makes sense as I"m having trouble putting my questions into words! I also hope this is the correct board for the questions I have. While I was still in college I...
Timmy Fritz
Buying Investment House from Parent & Need Help Structuring Deal
Situation: Looking for the best way to buy an investment property from a parent who has already paid off the mortgage.Hi, I’m new to BP and I was hoping to get some feedback from you all! I am in the process of talkin...
Cesar Alvarez
My parents are signing over the deed of their house
I have never owned a home and I am trying to get into the real estate business of flipping as well as holding. What would be my best move with this asset. Would this effect me acquiring my FHA loan ? Thank you in adva...
JOSH ELIOT
Anyone ever use Exclusion for Transfer Between Parent and Child?
The form is called the BOE-58-AH Claim for Reassessment Exclusion for Transfer Between Parent and Child. Anyone ever hear of that or use one?
Desmond Locke
Hold deceased parents home in trust to keep tax basis?
Both parents are dead now and the house is held in a living trust that I am co-trustee of with one other sibling. I need to pay out 4 other sibling's interest in the home and am going to move into the house. I'd like ...
Harry Argueta
Buying your parents a home- Mistake or Paying it Back?
Currently in a very interesting situation where I have the opportunity to purchase a property appraised at $550k for about $430k. You may be thinking that’s a great deal in of itself (and it is) but the caveat to that...
Nick Sullivan
Want to Repurpose Parents Land into Multifamily, Where to Start?
Out of curiosity, I went to the city planning site where my parents current home is and it turns out that they own the lot behind them as well and had no idea! There house is in poor shape and I've been suggesting th...
Johnson Yeoh
Rented my house & moved in w/ parents. Refinancing implications?
I recently rented out my house and moved in with my parents for a year or two. Do I technically have no "primary residence" with respect to loans? I wanted to refinance, but the rates are much higher for rental / inve...
Scott Morse
Buying Parents a Home - best way to set it up?
Hey guys, first time poster..... Thanks for reading and responding to this. I am going to be setting aside a comfortable amount of money into a dedicated bank account for my parents to purchase their "forever" home in...
John Blackrock
Purchasing in San Diego 4 working parents preparing 4 retirement
Hi BP community! My parents have not saved enough for retirement and are currently renting. To help them out I'm thinking of purchasing a 2br2ba or 3br2ba REI with 25% down. The max purchase price is around $400k to k...