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All Forum Posts by: Simon Dean

Simon Dean has started 3 posts and replied 11 times.

General Real Estate Investing

Post: Millennial paying parents mortgage

Simon DeanPosted
  • Rental Property Investor
  • New York, NY
  • Posts 11
  • Votes 5

Hello, I’m new here and thank you in advance for your support. Long story short, the choices I made in life reluctantly led me back to living with my parents and I now pay their mortgage.

My name is not on the mortgage, but I’m thinking of refinancing and taking it over. I have good credit. The house is worth $614,000 and they owe about $215,000.

What would you do? For examples, refinance, take out some equity and BRRRR? House hacking? Anything and everything is welcome. Thanks.

0 Votes