Tracy T.
1st investment property w/parents as tenant. Tips, advice, ideas?
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...
Brandon Hall
Cash Gift From Parents Can't Be Used for Investment Purchase?
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 ...
Jack Gilmore
Why am I on the title for my parents property?
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...
Petra M.
Adding parents to title to get step-up in basis?
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...
David Gotsill
Tax Treatment for a Condo Jointly-Owned with Adult Parent
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...
Christian Riordan
Selling a Primary Residence when your Parent is on Title
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 ...
Forest Wu
Saving on Taxes by Building an ADU for my Parents?
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...
Mike Shahi
New construction/capital gains/death of parent- need tax advice
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 ...
Lori Hunter
Bro freeloading in elderly parents home! Have POA can what I do??
Advice please! My husband and I are not new to real estate, but are really looking for advice on this one. Ill see if I can simplify the situation and question here...
- Just moved elderly (80 and 91) parents to as...
Michael McConlogue
Help with a property dilemma
There is a property I am interested but there are some issues......Owner wants to sell but there are problems with the family currently living there.There are three properties adjacent to each other. One is 1.4 acres ...