(A)bove all things he [the Prince] must keep his hands off the property of others, because men more quickly forget the death of their father than the loss of their patrimony."

This sounds like the modern day REI version of the Nigerian prince scheme.

Diana

But with the vacation rental, your debt would be paid off, with a princely income for the rest of your life.

I don’t have multi-res experience in DFW, but I have owned multiple rental sfr’s there from prior to the gfc.In this business, especially now, you may need to kiss a lot of frogs to find your prince/princess, or turn over a lot of rocks, or any other metaphors that you like.

BOFA has 3.18 trillion Assets, most earning prime +, so north of 8%, but the bare minimum they would earn would be 5.33% with any cash deposits parked at the FED reverse repo facility, which equates to about $470,816,666 per day in interest, So delaying a digital payment for a week is like 3.5 Billion dollars across its portfolioAnd I love that despite tbills going from near zero to 5.4% over last 2 yrs, BOFA/CHASE still paying its depositors the Princely sum of 0.01% on savings accounts.

Quote from @Diana Tran: THIS WILL BE OUR FIRST HOME PURCHASE (3 CO-OWNERS).

From what I understand Prince George's County for instance, the tax lien supersedes past mortgages, bills, etc.

Diana

@Diana Mulvihill You will get different opinions on this.