Justin Yen
Living with parents: BRRRR or House Hack in expensive market
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...
Will Kilby
Private money loan from parents for a fix and flip
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 ...
Elvira Longoria
Can I refinance my Parent's dilapidated house to make repairs?
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...
David Grewar
Looking for advice when transferring deed from parent to child
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...
Michelle Manning
Series LLC vs Parent company LLC for properties in Texas
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...
Account Closed
Parents and I have property that is surrounded by commercial
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...
Gabriel A.
Friend inherited $215k condo from parents. What should he do?
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...
Edward L.
Gave parents gift, they used to payoff part of mortgage...
Hi all, I gave my parents a large gift that they used to make a principal payment on their mortgage. They are enjoying the reduced payment amounts but said they want me to be entitled to the amount I gave them (instea...
Carmen Chow
1031 exchange on parent's house with title under children's name
Hello BP members! Here's the situation, My parents currently reside in a single family house (Title was under my parents name originally and was changed over to me + my 2 siblings 9+ years ago). My siblings and I don'...
Sergio Santos
Parents' house near new Amazon HQ, please review my plan
Hi there, thanks for reading!So here's the deal:DETAILSMom & Dad own house, they're now retired and living mostly overseas. House in Arlington, VA...not far from Crystal City (amAzOn) 2nd smallest house on the blo...