I've given them boxes of chocolate as Thank You gifts and they are always very helpful and pleasant, and go above and beyond.I also have long term rentals, the HELOCs were $99 for the application fee.

He didn't have a will, and this house was given to both of them as a wedding gift a long time ago.Long story short, mom would love to sell her house, but her step daughter (dad's daughter) seems to think she has some ownership rights (and she may), and therefore doesn't want to sell at a price anywhere near what a run down vacant house should sell for.

The serious kind of asset protection tends to become more beneficial when you start thinking about ways to deal with gift/inheritance taxes at the federal level.

I do not know completely yet if this is a gift or a curse... but I most certainly do not have that.

I attended another Scott Yancey seminar for the free gift and food.

Return on principal is not taxedSo when you give him $50k no one pays taxes as it’s a loan not a gift.

Samuel - thanks ....I  believe non occupant co borrowers  will be allowed .....and I believe  that gift funds from relatives  will also be allowed ...

I'd recommend a gift from a family member or friend to assist in this.

With this gift, also comes the great opportunity of being the first to rehab in certain areas.

.* If approved for a HELOC, and it is never used, the only cost was the property appraisal.The downsides include:* Requires the basic financial discipline to see the HELOC as a credit card and not a gift card.* In a housing crash the lender may freeze the credit line or demand payment.* The above can be alleviated by paying back the HELOC with a traditional mortgage once the home is repaired.