Ryan VanFossen
Rookie in Columbus, OH
Hello BiggerPockets! I'm an engineer by day, but I'd like to start building wealth & cashflow with buy and hold properties in the Columbus area. I've spent the past few months trying to understand the numbers, dev...
Mary Chen
investment property tax reporting with multiple partners
Kind of want to see if this is possible or absolutely not (I'm thinking not but just curious what others think). So my parents are doing a 1031 on their old property to buya new one. My brother and I would like to be ...
Dan Desler
Using a 'gift' for a down payment
Hi AllI am looking at getting started at investing in rental property this summer. I have only been in the USA for 4 years (emigrated from the UK), so I don't have too much capital or equity in my personal home, 401K ...
Jena Richards
Is this mortgage fraud?
I have a family member willing to give me some inheritance money early to continue investing.I know the rules involving no gift money for investment property down payments. We have enough money for the down payment it...
Victoria Britton
Advice on buying parents house
Hello,We are new here and happy to be part of the community! My husband's parents (55+) are moving to another city (Temecula, CA) and are selling their home in Riverside, CA, valued at $915K. We love this house and wa...
Daniel Kong
How soon can I refinance after purchase? (Source of funds)
I have a question. Lets say I wanted to buy a property for 70k. If someone gifted me the money for the property (the down payment on a mortgage), I would have to wait 2 months worth of bank statements for the funds to...
Jon Christensen
Loaning money to parents to help complete their cash offer
My parents are both retired. They recently signed a P&S offering cash for the house across the street from my sister with a 3 week closing (fast!). To come up with the cash that quickly they have to pull money out...
Nick Rutkowski
Home Imporvements
Hey y'all! So my parents want to do some home improvements so they can have their house ready to sell in a few years. They're planning on taking out a loan for 15k for total expenses. I want to know what would be the...
J M.
Receiveing money, Logistics and tax question
I need to know how would you approach the following scenario.
You have a friend that owes your family some money, so he will be giving you 50k. He has the money in his bank account.
Logistics wise, would it be bet...
Derwin Villanueva
Selling rental to children for 1031 exchange
Aloha BP'rs,My wife and I have our son and his family in our rental, which he wants to stay in, and we want to do a 1031 exchange into higher performing assets. The home here on O'ahu has a FMV of about $900k~, a $405...