Andrew Hyder
Tax advice on complicated family gifting
I am looking for advice on a situation I am in. I just want to preface this that I am not gloating or bragging in any way shape or form here but seeking real advice. My parents have a second home they purchased severa...
Bienes Raices
Cosigner (how does it work)
When you have a parent cosigning for a college student, is the parent's name actually on the lease, or do they sign a separate agreement that they share financially responsibility with the student? thanks
Chris L.
Cost basis on discounted property
If you did a partial sale/partial gift purchase of a business from your parent and the purchased and gifted portions were discounted( lack of marketability and lack or control discounts)..... If you paid 350k for 51% ...
Dylan Salem
Parents are forcing me to be a credit proxy for their flip.
Hello! I am a freshman in college majoring in real estate and I got inspired to pursue a career in real estate because of my mom, who was a successful realtor for a very long time. Unfortunately, the family business r...
Account Closed
Need input for a family situation.
Young guy looking for some guidance. Didn't know if this was an appropriate section or not. Taking any advice, input, and/or suggestions.My parents currently own a 6 bedroom house hold in the city of Ventura, CA. Unfo...
Eric Burgh
Lending to in-laws - Smart move or dangerous move
So I'm in a jam with my wife and I on opposite ends - my parents are buying a new place and need to borrow money ($120k). Good relationship with us, they have excellent credit, financially responsible, 3 houses paid ...
Mike Rodrigues
Is this sketchy?
I am ready to purchase my first investment property and I talk to the mortgage broker at the office I am working with. I tell him I have 12k for a down payment, but my parents want to get involved for 35k also. He t...
Kieran Dowling
Exit strategy help
So my parents are buying my first fixer upper for me all cash in there name.
We have created a contract that states i have to pay them back within two years via refi to get it out of their name and into mine.
W...
Michael Rossi
Shocked Again!
Just when I thought I'd seen EVERYTHING that you can see in the rental property business, I was absolutely SHOCKED today! Here's the story.
A couple of months ago, I rented an apartment to a 19 year old girl. Althoug...
Wendy H.
Tenant Screening Question
Hi BP! It's our very first time screening tenants and have a question. We're running into a lot of applicants where they have older parent(s) that live with them, some who still work, some don't. Our current requireme...