Alejandra Creech
Pay off mortgage or buy a property?
I'm being gifted $150K, should I pay off my mortgage (owe $175K) or buy a $150K house cash?
Alex Alaniz
2nd deal
Here is where I am at right now. I am house hacking a Foreclosure I am currently living in. I Still have a projected 5 months of rehabbing to do. I am running out of cash to do so and the ARV of the current propert...
Louis M Cocce Jr
Structuring a deal to help my son buy first home
HelloI am new to BP but have been reading much info here. I live in Massachusetts and in early 60’s close to retirement.One of my boys in his mid twenties is looking to buy a home but RE is very high priced. I am wond...
Terry Dunlap
My first long-term rental... to my mom and dad!
Investment Info:
Single-family residence buy & hold investment in Huron.
Purchase price: $165,000
Cash invested: $165,000
Mom and dad didn't have a lot saved for retirement, so I bought their hou...
Charles H.
SFH 50% owned by parents Cash - 50% me financed
Hello all,I have dealt with conventional loans under my name, full cash purchase with split equity in title, but for the next deal, my parents wants to provide 50% of the cash and I would finance the remaining. The ti...
Drew Denham
Where can I find the money to buy this house?
So I found a foreclosure in my hometown - 30 days on the market - asking price 65k - Arv 100-110 rents about 950 per month but I don't have the down payment for it. My sister will loan me 35k cash but I doubt that wil...
Jason Munger
"Buying" parents house...best strategy
My parents (both still living) have a home that they no longer live in and are looking to sell it. They have moved south so it is vacant - if that impacts your suggestions.They own it out right, so there is no mortga...
Staton Jobe
Should I renew my title insurance?
Hi - my wife and I just changed deed ownership of our first STR property to an LLC we created. When we switched over we lost the title insurance we initially purchased when we closed on the home. If we repurchase titl...
Matt Jesse
Searching for a creative solution
I'm trying to buy a 4plex for $780k. FHA, owner occupied.
I have the 3.5% to put down, which is $27,000. I do not have any extra to show 3 months reserves.
I need to come up with $13k. I could back immediatel...
Evan Hauler
Borrowing money from relatives
Hello everyone!I am looking to buy my second property, I purchased the first using a bank loan. Now my parents are wanting to buy the next one in cash, due to high interest rates. How best do I go about doing this? Ar...