31 January 2021 | 2 replies
Renting out a bedroom in my girlfriend's parent's house.
2 February 2021 | 2 replies
If you've been wishy-washy in the past, they won't believe your threats.You don't try to prove your case by writing a three-page letter listing all the things they've done wrong or crying about how they're killing your investment and ruining your child's ability to have a better future or that your wife never liked the idea of investments and this situation is stressing her out and killing your marriage...The key is to keep it professional.
30 January 2021 | 0 replies
I posted about structuring a partner deal with my parents a couple weeks ago, and I think we've decided on a private money loan, so I'm just trying to figure out the best way to get started so I can be ready to write offers.My parents are seasoned investors and have agreed to a private money loan via their HELOC.
3 February 2021 | 22 replies
You do still see significant growth in the gentrifying neighborhoods a few removed from Center City, but a lot of the demand has been sucked out by Millennials choosing to accelerate their move to the suburbs, and Gen Z just getting out of college deciding to boomerang back with their parents for a year or two since they can't enjoy the perks of city life right now anyway.
1 February 2021 | 1 reply
The listing includes two residences on 2 adjacent properties for $600k:Lot #1 has a stick built home on 5 acres (I plan on living in this residence)Lot #2 has a detitled mobile home on 15 acres (my parents will live in this residence OR I will rent this residence)My income is ~$200k, 700 credit score, and I plan on putting $120k down.It's my understanding that qualifying for a single, "conventional" mortgage for two residences can be "tricky"...and that the presence of the mobile home could further complicate matters?
1 February 2021 | 2 replies
With that said I recently inherited a house in Los Angeles, CA from my parents and have become a new land lord.
2 February 2021 | 4 replies
There's a difference between having 1 applicant who exceeds the 3x/rent amount with their income but has a spouse as a stay at home parent with no income (thus making that 2nd parent ineligible) vs if one of 1 applicants has a criminal record but the other does not.
1 February 2021 | 2 replies
Hi Matthew, yes I did have credit since I was co-signed on my parents credit card at 16.
1 February 2021 | 0 replies
I also obtained funds from my parents retirement account for rehabilitating the property.
2 February 2021 | 3 replies
With saving enough from work and (Thankfully my parents allowing me to stay at home for a while) I was able to write a check for the entirety of my student loans (Which that awesome feeling hasn't set in for me yet).