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Selling half a house to a significant other
Here is the situation. My 4 yr girlfriend and I are moving back to an area where I own a house outright. It is currently rented, and my intent if I kept it as a rental was to cash out the equity as it is worth about 150k. We used to live there together several years ago. She wants us to either buy a place together, or let her buy half the rental house and we live in it. I thought about the idea of quit claiming her on deed and then letting her get a cash out refi as an owner occupant for her half which she would just give me. Is that a feasible way to do the transaction?