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I've always told people that I purchase houses on the side. So today a co-workers friends mother called me to sell me her sons house here in Austin TX. Yes I know, I know. His mother. How cute. I asked to talk to the ...
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I need help figuring out a best course for my mother and her beneficiaries. My mother owns a fully paid home with a minimal cost of living. She needs assisted living which will greatly increase her cost of living and ...
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Hello,
I recently came across a tenant application and while checking the background is noticed that a theft charge, judgements and other collection reports. But the situation here is the tenants mother is renting th...
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I just saw my rental’s single garage stuffed with about 6 motorcycles in various states of repair. OMG! The tenant did NOT indicate these “toys” on his rental app, and the lease states “tenant agrees not to store and...
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I have a seller selling his mothers 3/1 home in Amarillo, as is-needs some work-asking $50,000. CAP is $58,000, actual tax appraisal on home is $51,000. I don't think I can make any kind of profit at $50,000. Seller c...
My mother bought a two family unit in 2002. My uncle did her the favor and signed for the purchase. Technically speaking my uncle owns the house. My uncle would like to be taken off the loan so, he can pursue his own ...
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Any recommendations for a contractor in Memphis? I'm in contact with someone whose mother passed away a couple months ago, she is inheriting her mother's home that is now facing foreclosure in a few weeks. I'm not in ...
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Hello! My family just inherited a 3b/2bth in Dothan, AL. My mother is there now cleaning it out. It needs a lot of cosmetic work to sell retail. I’m trying to link up with a GC to walk the property with my mother and ...
A relative sold a shopping center. There were issues in the title that were going to prevent the sale. So relative offered to pay my mother and son $36K each, to have them quitclaim off the property. His alternativ...
Hello BP. Thought this one was a tough one that only a CPA could figure out and a good learning lesson on how to take title. What will he/mom be taxed if they sell? Can taxes be avoided? Had someone come into my open...