There is tons of things I would be able to share, but this is at the top of the list.

In short I want to know ways that you have made deals like this work and/or any creative solutions for keeping a tenant in place. 

This perspective goes beyond merely buying and selling properties; it involves a strategic approach to wealth building and risk management.

This is truly a fantastic place to connect, learn, and continue growing your real estate knowledge and network.Keep up the momentum, and feel free to reach out if you ever want to share more about your journey or need advice.

However, that won't work for several reasons:  1) The lender is not going to finance the $15k assignment fee2) The lender isn't going to consider the purchase price in this example to be $150k, they would typically use the $135k price in the original contract, and 3) In this particular example they may not even use the $135k price because it's not an arms-length transaction since it ultimately boils down to a deal between you and your father.I applaud you for trying to be creative, but ultimately what you're proposing isn't going to work and it's going to make the transaction a lot more complicated than it needs to be.

Thanks Jay, NV's a non-judicial state and I'll check out that site, does it include ALL the upcoming auctions and, more importantly, does their data reflect postponements and cancellations??

I understanding is the TN has some crazy rules and regulations that complicate this process. 

*This post does not create a CPA-Client relationship.

Have your heirs repeatMany wealthy families do this over and over again and pay little to no taxes as their RE portfolio continues to grow.

was curious if anyone has any opinions about the potential for this location.