Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago, 04/21/2017
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