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...
Greg Schuricht
First applicant, first property
First applicant for my first property just arrived. 1BR/1BA condo, has been on the market for roughly 40 days with no serious inquiries until today. I'm thinking the reason I haven't been getting any hits has to do ...
Benjamin Adkins
17 Years Old and I want to complete my first transaction before 18 is this possible?
So I am 17 and I graduate high school in June. I have a goal of completing my first real estate transaction before I turn 18. I know there are legal issues that I may encounter but my parents said they will help me. S...