Julio Perales
QuitClaim vs Warranty Deed - Pls Help
Hello all. Looking for some advice as I did not find an answer to my specific situation. My parents are wanting to transfer their paid-off home into an LLC owned by their 4 adult children, me included. This was a h...
Account Closed
18 year old newbie investing in Real Estate in Canada
I have a lot saved up from living with my parents and working a lot in high school, I will also be living with my parents during University to save as much money as I possibly can. I want to get into the BRRRR investi...
Willis Seng
Don't know what to do with this house
Ok, well, here we go. My parents just sold a commercial property for some money and stuck it into a 1031 account. They took out a equity loan against our house, so we have zero equity in this house. We bought this ...
Matthew Gomes
Built my first investment property, now what do I do?
Hi, This is my first time posting so apologies if I didn't to something correctly. In 2017 I got my North Carolina General Contractors licence and partnered up with my parents to build my first investment property. I...
Jennifer Nesovic
Does Gift Tax Apply or Does Lifetime Exclusion Prevail ?
Hey Guys -
Does anyone have any comprehensive Information regarding gift tax ?
For example: if a parent wants to gift the post capital gains proceeds from a family cabin to 2 children ...Short of death, does the g...
Chase Miller
Not Getting Paid Before Escrow Closes? Selling a Condo
My parents are selling their condo & I wanted to get some advice to pass on to them
Situation:
Escrow is suppose to fund & close tomorrow (Friday), but the escrow company told my parents that th...
Daniel Rodriguez
Guidance on first buy and hold investment property.
Hello BP community,
We have been members of BP for a few months now and have recently "purchased" our first SF buy and hold property. The house is a small two bedroom/1 bath in El Paso, Texas. The property is about...
Jamie Gruber
Loan from family - tax implications
My wife and I own a few properties and are looking to renovate one of them. My parents have a home equity line that they are looking to get a return on.
If they write my LLC a check for $50k as a loan for renovation...
Elia Ziliani
How To Structure Company and Tax Filing
Hi, I want to start investing in commercial real estate, I was thinking to use an Umbrella Structure, so, open an LLC in Delaware filing a partnership tax return ( I will have the 99% of interest as main owner and a c...
Kevin Zheng
Holdover Tenant in Brooklyn
Hi Everyone!
My parents have a condo at Brooklyn which is occupied by a holdover tenant for a few months now. My parents wants her out due to no lease nor agreement among my parents and holdover tenant. Additionally,...