The buyer completely takes over the original loan for all legal, tax and practical purposes.

Hey I am an agent in Salt Lake, if you haven't already run comps feel free to reach out and I can send them over to you.

Clean water, air, peace and sunshine are nature's remedies and in over-abundance on the Oregon Coast. 

.: @Jay Hinrichs  Why do you prefer PR over PS?

Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck 

Unfortunately, this costs $$$ that you shouldn't have to spend.

I’m unable to invest in areas familiar to me as I’m priced out of suburban NJ where I was born and raised.I’m looking to spend $150-$180K on a condo and will need to research viable areas.

Based on the questions you are asking I think you need to spend more time listening to podcasts like Bigger Pockets and Bigger Pockets Rookie.

I had a distinct advantage over my competition who had to do their own courthouse searchs.

@Daniel Cacho I’m 35 years old, have been in the game for over a decade, own 26 doors, run a property management company with 350+ units, and operate a realty brokerage with a small team of agents.