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 ...
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 ...
Mike Stephenson
Selling my LLC owned investment flip to a family member
I have an investment property that I was going to flip but now plan on selling to my parents. This property is owned by my LLC. Thoughts on the best way to transfer the property. The plan is to sell at 80% of the fair...
Andrés Medina
Privately Financed Mortgage Notes
My parents are facing the following situation, looking for help.They bought a home in May of 2000. Privately financed mortgage from the owner that they bought the house from with balloon payment due in 10years at 8% r...
James Bynum
Trying to figure out s corp distributions
So, I'm investing with my parents doing flips, and we setup an LLC with me being a 50% member and my parents at 50%. From everything we've heard, if we make over $40,000 in profit that we should file as an S Corp and ...
Marie Shultz
Do I write lease for co-signer or other?
Parents are willing to guarantee the lease for grown son (+his girlfriend and their son). The parents will not be residing in the home. Do I write the lease for the son and girlfriend with the parents as co-signers ...
Stephen Artzerounian
LLC Structure Questions
Hi all,So I am starting an LLC with two partners for rental property purposes and feel like I am over thinking the structure.We will be investing in Connecticut and Pennsylvania my first thought is to use the parent-s...
Jessie Huffey
Mold at same time as lease violation
Hi All,My parents tenants were having financial problems and paid their last months rent late. Then the tenants complained that there was probably toxic mold in the house and asked that it be inspected while they were...
Leila Moussavi
Private Investors Deal Structure
Hi there!
I'm a new real estate investor looking to invest OOS in MF for cash flow in KC, Indianapolis, and Columbus and Cleveland. My parents are willing to fund my deals and are able to pay all cash for properties....
Bryce Y.
Unique situation - advice please
Hey guys, I have a question about an apartment complex my parents are thinking about selling. This apartment complex was gifted by my grandfather to his 5 children, who are now equal shareholders. He built the apart...