Whatever the situation, it’s best to avoid bad feelings or put your sister in an uncomfortable situation.Second, how is the market value being determined.

My accnt told me don’t just find a bad deal to avoid taxes.

I'm involved in a unique situation in which a client wants to essentially sell his home and still live in it.He took out a loan which has too high of interest rates currently and he hasn't payed the mortgage in a year.His credit is bad so no subject to.The home is lovely and worth $500k.His neighbor attempted a short sale deal as he owes $330k on top of not paying in a year.The owner's lender won't take less than $500k.My idea to help the client avoid bankruptcy and foreclosure is to propose the neighbor and friend buy the home at market value.This would allow the client to pay his friend and neighbor rent at a lower rate than what he's currently being charged at north of 10 percent.What's the lowest rate anyone has heard for private money lending?

Always better to have a local guy in the event the tenants are away when it snows to avoid fines from the city.Best,Rob

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Some investors I work with only use the hard money for the acquisition to avoid the fees and inspection delays during the construction period, when the lenders provide construction draws.

You want to repeat the good things and avoid the oopsies.

The key is to find a solid tenant to avoid issues down the road.

Im wondering about the location, path of progress or avoid?

It's not a pleasant process, and should be avoided if possible.