Tim C.
Looking for creative ideas to transfer property with VA loan in California
Hello,I am new to BP and this is my first question I am asking, so forgive me if this is the wrong forum. This seemed to be the best one to post my question to.My friend's parents have a house they bought with a VA l...
Julio Cruz
Purchasing my Parents house so they can retire
My siblings and I would like to purchase my parents house so they could retire. The house is in Brooklyn New York. And it’s worth about $700,000 and they owe about $230,000. I don’t have the cash the purchase it out r...
Warren Lacsina
Buying retire parents home
Hello to all. I live in Sacramento and have a long-term rental and a primary residence. Look to get a second mortgage vacation home in San Francisco. Just needed some advice on my parents home they want to sell their ...
Jessie Saribay Jr
Buying parents home for a win/win?
So I been thinking about this idea that would help my parents financial situation a little bit and also help me gain access to money that would help me start investing into real estate. I currently live with my parent...
Raymond Lei
Thoughts on purchasing my parent's reverse mortgage home
Hi guys,Wanted to get your opinion on a situation that I am in. My parents (father) took out a reverse mortgage approximately 5 years ago and have accrued about $160k in total. The net worth of the house is worth $275...
Max Brudner
Bookkeeping/Taxes at the Parent company level
Hey all, brand new one here - first post! I've been reading a lot, but can't find the answer to my question. I have two rental properties, building two new ones right now, and have four more lots on which I plan to bu...
Davis Molnar
My First Investment Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $60,000
Cash invested: $15,000
Presenting a charming 4-bedroom, 1-bathroom residence situated in Toledo, Ohio, just...
Mark G.
Transfer Home Tax Basis from Parent to Child - California Prop 58
Does anyone have experience with parent to child real estate transfers in CA? I understand there is a mechanism that allows a child to buy a home from their parents and retain the original real estate tax basis under ...
Will Dougherty
Buying a house from parents
Hi All,
Working on my first deal and will actually be purchasing a house from my parents as they look to free up some cash and are ready to move on from it. We have been researching the best strategy to go about tra...
Paul Johnson
Two family residences... facing tough times... seeking advice!
Hi all.
Joined this forum with the hopes of getting some advice on my situation. Not quite a real estate investor (at least not yet); however am facing a bit of a "tougher" real-life family situation with two prope...