They’ve generously offered to sell the residence for the amount that they owe at the time of sale.I am vaguely familiar with equity gifts and the potential taxes one would face.I am exploring These options, but I’m not soundly familiar with them quitclaim deedMortgage for $100,000 Mortgage for full value of the house, allowing them to gift the equity over the next few years to not exceed the exempt gift amountAre there other options I haven’t explored?

They’ve generously offered to sell the residence for the amount that they owe at the time of sale.I am vaguely familiar with equity gifts and the potential taxes one would face.I am exploring These options, but I’m not soundly familiar with them quitclaim deedMortgage for $100,000 Mortgage for full value of the house, allowing them to gift the equity over the next few years to not exceed the exempt gift amountAre there other options I haven’t explored?

I have traveled all over the world, everywhere there is pro's and there is con's, every region and climate has it's own unique issues to address, with that MN is no different.

Glad I didn’t read Russel’s post while I had coffee, may have come out my nose...On a serious note, our location is somewhat unique as we’re not a pure vacation nor a big city.  

I need to explore low/no cash options to expand our portfolio instead of financing how did our last deal.

If you wanted to explore picking up all four, what would you explore?

Hello everyone,Hope everyone is taking care during these unique times! 

I work in 20 states and each is unique I get schooled all the time..

The 2019 property was unique (every deal is) in that the seller had to sell to complete a 1031 quickly, the property was not bankable (private interest only loan converting to a conventional after all rehab), and needed serious work.

In a case like that, I'd explore separating electric and moving both units to mini-splits.