The entry fee is 8% the existing loan carries an interest rate of 4.125%.

What Percentage over the price would the fees be +/-

Hey everyone, I've been working with 3D virtual tours and wanted to start a discussion on how they impact real estate marketing.

If you eventually convert the property to your primary residence and later sell it, the taxes would be prorated based on the ratio of time the property was investment property.These items should be addressed and discussed with your tax and legal counsel to ensure that the exchange is the best course of action given the restrictions and requirements. 

Thanks again for the discussion!

I guess they think these investors are accredited so a fee structure is a good model.

I am looking for more information on ways to save on tax fees for transferring homeownership from a parent to myself.

If you want to discuss more, don't hesitate to DM me.

They can really throw off your numbers if you are not familiar with a citys transfer tax, and fees.

Had I not scrutinized the details, I would have unknowingly paid more than I had agreed to.This experience was costly and frustrating, and I urge all potential borrowers to ask for a full breakdown of all fees and interest components before committing to any loan.