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Updated almost 8 years ago,
need Step-by step advice paying off parents mortgage w/ HELOC
Hi guys im trying to payoff my moms house with a heloc from my primary residence. How do i go about doing this. Is there going to be tax implications and whats the best strategy. Tax wise and investing wise Thanks
should I tell my mo to transfer my name on her mortgage? not sure how this works.
I plan to pay of her remainding loan with a heloc on my primary house. I will then collect rent from her to accelerate the paydown of the loan. How do i transfer the title of the house to my name. Should i even do that before i pay it off or after. Just want to make sure the IRS doesnt bite me in the end. Pls help. Thank you guys!
I am in california