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