Ariel Johnson
Do my parents have to pay taxes on this house?
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...
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...
Tommy Carey
Gift of Equity in exchange for freeing parents of Mortgage.
My parents are retirement age and my father has had to continue to work despite his declining health to pay off the remaining 100k of a refinanced loan they took. They want me to take over the loan and in exchange w...
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...
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 ...
Daniel Peterson
Asking parents for loans:/ Best strategy for paying them back
Hello,I am messaging you today in hopes that I may get some advice on how to approach a private lender (my parents) in regards to investing in my first turn key real estate investment...I only need a down payment from...
Randy Walters
Parents looking to downsize? Buy their house with owner financing
Hello BP, I'm fairly new to the community. I had some questions pertaining to owner/seller financing on your parents home. All the other forums I found simply spoke to "why you shouldn't rent to your friends/family"...
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...
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...