Quote from @Russell Brazil: Whatever you do, do not listen to the advice of Melanie P.

@Russell BrazilThat is an incredible number, thanks for sharing.

@Gavin Jex seems like they are trying to help you out, but exposing you to tax issues.As @Chris Seveney already pointed out, one of you will be taxed on the 0% interest loan as a "gift".The other issue is that you will get the property at $170k roughly, and then be exposed to capital gains of the difference between that amount and the market value.Highly recommend you speak with an Estate Planner for possible better options.

Quote from @Chris Seveney: I am also in the DMV area, happy to meet up and talk about real estate and syndications.

Quote from @Chris Seveney: @Steve K.100% agree which is why I am against people doing seller financingThey are investing in a security instrument that is typically over leveraged because they may sell a $200k home for $220k, and get 7-8% taxed at ordinary incomeI can invest in other investments and get 8-10% taxed as qualified dividends or get depreciation and have ltv’s below 70%… throw in these borrowers are typically not underwritten properly and have a high chance of failure and I scratch my head why people think this is a great ideaI think a lot will learn the hard way in the next 2-3 yearsI’m not against seller financing, I’ve used it a few times personally to purchase in order to accelerate my ability to build my portfolio.

Chris

Quote from @Chris Seveney: @Sebastian BennettI just got a price of $150k to renovate a 1100 sf home… needless to say I will not be posting pics of the renovation from that contractor here on BP is this for insurance purpose ?

@Joe Homs @Chris Seveney @Matthew Morrow, I'm the founder of GoliathData, a platform that uses AI for lead generation so I feel uniquely qualified to give my $0.02. - The benefit of AI comes down to the ability to automate proven processes.For example, everyone is targeting the same probate / preforeclosure leads, so how do you get an advantage?

I was going to suggest the same thing as Russell-contact the realtor's office. 

as @Russell Brazil said, show up and prepare to close.