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Retired parents have $1M liquid cash in the bank, looking to buy a $500k home with 20% down.Clearly they have enough to buy in cash, but the plan is to use other peoples money and have the rent cover the monthly payme...
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Hi all,I am wondering if anyone has experienced cosigning with a parent for a home loan and what the best strategy with this approach would be. I have recently started my first job out of school and live in an expensi...
Hello BP!Due to Corona and my wife’s surgery—we’re currently living with my family in the NJ/NYC area where cost of living is high so we’re able to save in rent. Currently we only have 50-60K saved up. We’ve been dyin...
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I posted about structuring a partner deal with my parents a couple weeks ago, and I think we've decided on a private money loan, so I'm just trying to figure out the best way to get started so I can be ready to write ...
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I am looking for a way to refinance repairs to my parent's old home that suffered fire damage some 8 years ago. It's been in a state of disrepair for so long due to funds being unavailable. My parents both no longer w...
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The home in question is in Florida and there is still a small mortgage on the property. The parent will stay living at the property but POA will hopefully be used to transfer ownership to their adult child
Will this...
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I recently began my journey to Fast FIRE through multifamily rental properties. My husband and I are both MDs, so asset protection is always a key motivation for us. I set up an LLC prior to purchasing my first prope...
Back story: My parents bought an acre lot with a house taking up around 2800sq/ft of the acre lot back when it was surrounded by agriculture land.Fast forward a decade or so, the surrounding land has become commercial...
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A friend of mine works in IT inherited a 2 BR 2 Bath condo in the Falls Church area from his parents when they decided to move out of the country. He currently lives there with his sister. Similar condos in the buildi...