For the sake of clarity for the readers who don’t live in Everett, it should be understood that “Historic North Everett” and “North” Everett are two completely different neighborhoods.

Hi @Logan Hassinger,I agree, have a conversation with the lender to get more clarity.

Just to dig deeper for clarity, when ab lender/servicer sees the transfer the will be asking for a copy of the trust.

[removed for clarity]Trade or Business Activities A trade or business activity is an activity that: Involves the conduct of a trade or business (that is, deductions would be allowable under section 162 of the Internal Revenue Code if other limitations, such as the passive activity rules, did not apply), Is conducted in anticipation of starting a trade or business, orInvolves research or experimental expenditures that are deductible under Internal Revenue Code section 174 (or that would be deductible if you chose to deduct rather than capitalize them).

For clarity, home ownership in this example is the home you live in.Now, that doesn't mean that you cant go out and buy another property with a conventional mortgage.

Just make sure when you are having a conversation with someone about a foreclosure that you get clarity on whether the property is about to be foreclosed on, or it has been foreclosed on, and the bank has taken ownership of the property. 

@Matthew Drouin There are many prohibited transactions, and many people in this community more capable of answering your last question with more clarity.

Hoping to gain clarity in deciding which investment path to follow - flipping vs. renting vs. hybrid of the two...From helping my father rehab rental properties in AZ, I learned at an early age (6 y.o.) the hard work and value involved in real estate investing.

Hi All,I'd like to get some clarity on the Cashout Refinance strategy.I recently listened to a Podcast (Show # Late 50's or early 60's) where @Brandon Turner mentioned that his strategy to buy several properties fast was to buy properties at a discount, rent and let them ride for a few months, and then have property re-appraised at a much higher price, refinance and recapture his capital to use on the next property.I'm really interested in this strategy, so I began to do some research.

I have found that BP's calculators are confusing and don't give any clarity