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...
Will Kilby
Creative ways to partner with my parents using their HELOC
Hi all, it's been a while since I joined but I'm officially an investor - I've been in a house hack for about 6 months now! I'm looking to get another deal moving and have been thinking about finding a home to flip an...
Kasey Destache
Getting my name on the title of my parents' house
Hi BP Fam!
My father wants to put my name on the title of his house. The house is located in Los Angeles, CA (90066 area). We want to do this so that I can refinance for them and help them pay down the house. It wil...
Jocelyn Evans
Taking over parents house. Dealing with IRS and Mortgage company.
Background: Texas Home with 6.5 acres originally purchased in 2005 for $450k by my father in-law. In 2011 he had hardship and bank went after the house. We were able to stop foreclosure and secure a loan mod with HAMP...