Also this house was in a 500 year floodplain and a very small deck off the back.

Starting with the question of whether you can subdivide the parcel without paying off your current mortgage, the  question is what is the home on the smaller parcel worth, rather than focusing on the current ARV of $325,000.00.

It is just easier to cash out of the deal and get everyone's name off the mortgages.As far as contracts, use the TREC contract.

They have a paid off Condo (1/1.5) in a 55+ community, not the most desirable area so worth approximately $100-115k.

My husband and I were recently connected with someone who would like to sell their townhome off-market (to avoid realtor fees, specifically).

If I build a basement apartment, can I write off a portion of the expenses it took to build the house when I go to do my taxes for 2024?

It's like an 80% off sale.

It sounds great on the surface: use a 0% APR intro offer on a credit card and then pay it off when you sell/refinance the property.

Show them you are interested in any and all houses (not just theirs) and that they need to expect a trade-off.

Hi Sandra, First, let me start off by apologizing.