Remember, it's not free to refinance, you usually will pay a point plus a variety of fees.

Same with with an inheritance and possibly settlements, can’t remember for sure on the last one but either way if there is a judgement you have a much better chance if getting paid someday.

@Alyssa Paros thank you, yes communication is always the key.I just remember renting an apartment, and the landlord having 3 guys come in during the middle of me cooking dinner and leaving a trail of dirt behind at 8pm. 

Remember you cannot appeal the taxes only the assessed value they are baseing the taxes on.

I remember when I was getting in to real estate I was so concerned about not making the plunge and just being someone that researched but had no action.

(-:One last thing: I will have to check to be sure I'm remembering correctly, but I think KB gives something for "referrals" Will you let me refer you in case you go with them?

Purchasing a duplex or up to 4 units would be ideal but the best loan type for that will be fha and it will require 3.5% down and the money has to come from the buyer or a gift from someone.

If I remember right, the name of that issue is MEC, meaning Modified Endowment Contract.

Just questions to ask him as you explore the idea.In the end, just remember that the arrangement needs to be mutually beneficial (especially when dealing with family) and that literally everything is negotiable.Good luck!

@Clay Sellers your understanding is correct.For @Dymond Shafer and other readers, remember this: your 401k is not YOU, and you are not your 401k. 401k is a separate entity from you.