Carly M.
Inherited tenant - parents living there refuse to sign a lease.
I just bought a duplex with an inherited tenant who is under market value in rent. She is paying $1,000 when the market value is $1500. I gave her a lease to sign that is month to month. The rent will stay at $1,000 f...
Kelli Tarantino
Parents/daughter on cash purchase contract, can daughter get loan
My husband and I are in the process of purchasing a home for cash, and my daughter (who has pre-qualified for a loan) wants to live in the home and take out a loan to pay for it. We are going to ask the seller if it's...
Adam Franco
Buying house from parents at half price, investing other half
Hey BP community, my wife and I will be purchasing our newly remodeled home from her parents at less than half the appraised value. My plan is to still get a loan on the house at appraised value( 80%LTV), pay off her ...
Steven Bennett
Underwriting: owner occupied loan by child providing for a parent
Hi folks,I have a question regarding Fannie Mae's owner occupied financing option for "Children wanting to provide housing for parents":https://www.fanniemae.com/content/guide/selling/b2...What information about my pa...
Darryl Gill
Newbie looking for guidance with parents rental about deed/title
Hi BP community,First I wanted to say, 'Hi' to the community. I've been listening to podcasts and been learning a lot. Yes, I want to have a few real estate investments, but first I have a scenario I hope someone ca...
Tracey Hamilton
Separate or parent LLCs for Flip business and Contracting busines
My husband and I have an LLC for our general contracting company, whose sole client will be our flip business. I am thinking we need a separate LLC for the flip business, but should the flip business be the full owne...
Ashley L.
Parent Gift for 2 Family Investment- How to Structure Ownership
Hi All! Just purchased my second investment long-term Hold Property. Because it ended up that I couldnt use an FHA due the proximity of a gas station to the house, my parents decided to own the house with me, contrib...
Isaiah Gill
Should my parents rent instead of sell our current house?
Hey everyone, First post here and not sure if this is the right section to post to but I wanted to ask for any advice on my current situation. For some background info, I'm a 21 year old college student and an aspirin...
Char Creason
Parents Died, No Will, Property Being Sold for Taxes IL
My parents passed away 10 years ago. They were very sweet but not very financially or legal savvy. They had multiple mortgages on the house and even a reverse mortgage. When they passed (with no will of course) the mo...
Jeanelle Ignacio
Strategies & Tax Implications for purchasing commercial property from parents
This is my first post for some insight on this great forum...and it's got a ton of moving pieces.My husband's parents own commercial property (free & clear/no mortgage) on a large lot that has a board and care (as...