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Hello, my parents are selling our old house. We lived there for from 2007-2014 and they are selling it in January. We did not live there in the past 2 years and we also have not lived in that state as we moved from GA...
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Hello, I'm looking to discuss with others who have owned investment property where parents (or close family members) were their tenants. Seeking others experience, advice around this and lessons learned (e.g. leas...
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Hey Folks,I'm in the market for my first property (investment and otherwise) and was on the phone with a loan officer earlier today. The original plan was that my parents would match my cash contribution and classify ...
Hi all!Big BP follower but just creating an account now because I haven't found an answer on here yet.My parents are selling their home and are asking me to transfer the power of attorney over to them, provide SSN for...
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Warning. Slightly morbid.Has anyone thought of adding a parent to the title of a home to take advantage of the step-up in cost basis when the parent dies? I see this as a way of avoiding the capital gains tax without...
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I was hoping for some general tax guidance (US taxes). Of course I'll consult a professional, but I'd like to be sure that at such time I'm asking the right questions. I seeking to understand how to (or what options...
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Three years ago my wife's father bought her a townhome for 250k cash. They are both listed on title of the property and my wife has been using it and paying primary residence taxes on it. I got a new job out of state ...
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I'm a W2 employee who might move closer to their parents to help them in their later stages of life. Their home is very small and located in California. I was thinking about building an ADU for me to live in to accomp...
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Hope all is well. My parents own a home in MD and owe about 500k on it. As is, the home can sell for 1.1/1.2. The home was purchased in 2008 for 700k. Mom passed away last year unexpectedly. Now, Dad and I are trying ...
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Hello BPI just closed on my first SFR rental house less than a week ago. I put an ad on the popular rental sites 2 days before closing and got flooded with applicants before I could even show it. Yesterday we were clo...