I don’t know about your proposed strategies, but if she is no longer married she won’t be filing jointly, so her exemption is $250k.

Hello,I'm working up a proposal to manage about 10 units...(8 duplex units + 2 other homes)...all in my area in NW Austin. 

Please let me know if you know of any lenders that would allow what you are proposing. 

I know they are trying to update the law with the choice act because the Dodd-Frank has had unintended consequences that for some reason the Consumer Finance Protection Bureau wont rectify...Former Congressman Barney Frank, who co-sponsored the legislation, said he was “regretful to realize” its negative impact not long after Dodd-Frank became the law of the land.In a 2011 letter to a constituent, Frank wrote:“I do not think it is necessary to include manufactured housing as part of our effort to prevent abusive mortgage practices, and I am now working with my staff to see if we can find a way to make a change that would deal with the problem you correctly point out… “

I think the option you proposed is a much better one for you.But, let’s look at this reverse mortgage situation a little further.

Fill us in on some details so we know a bit more about your prior experience and the nature of the proposed purchase, and I’m sure you will get some quality advice here.

Your credit will take a massive hit which may not be worth the interest savings of 18months compared with potentially worse terms on a new mortgage down the road (some lenders give rate discounts tiered with credit scores).I did exactly what you are proposing and have been wondering if I should just pay it all back. 

Account Closed I hope I get proposed to with a rubber band and a 3 cash flowing properties.

If it's a sweet deal, then they could just delay your proposal and jump on the phone....Maybe it's just me.

BiggerPockets, I need help drafting an Owner Financing Proposal...never done it before.Details: I have the opportunity to purchase 3 Condos in a nice complex for $105,000 total from the same owner.