He is willing to sell his house in 4 yrs and currently has over 100,000 in equity.

I have been using postcards for 7 yrs and I will not or would not change.

Jon, I worked on condo conversions about 20 yrs ago.

So you're saying that once she hits 65 yrs old and collecting her retirement that the bank could actually take those funds then?

Sure, I want the financial security that comes with being successful, however, the last 2 yrs or so, I've really started to give back heavily, but wish to do so much more in that area.

Teacher in Albany retires @ 59 after 37YRSFinal salary is $89,000 and will receive 70.5%of their final salary =$62,745.Also, will owe ZERO in state or local income taxes.Teacher in Yonkers retires @ 59 after 37 yrs WITH a masters degree=$110,000Will get 70% or $78,255What does a Military person with 37 years receive in retires today?

I appreciate the response. more data: the seller said that he lived in the house and did a test many yrs ago close to 1.0. also he has rented it since then, but the tenants moved out in feb and its been closed for 4 months, the windows, doors etc. only once a month seller goes to get his mail.is the closed condition also contributed to a 6.2 reading?

Since I lived in the old house so long I have a lot of portability built up that i want to port over to the new house next year just trying to fiqure out the best way i can do it Problem is the house in my kids name and the first time home credit rules say the property has to stay in my sons name for 3 yrs or have to pay the 8K back Once I rent the old place I loose 20yrs of portability That's my dilemma looking for the best possible solution ?

It will probably have to wait until the kids have left home though (15 yrs from now - our youngest is 3).

However, in my 15 yrs of managing somewhat nicer apartments in a rural area, I’ve had great success doing just that.