Especially for those amounts you are referring to but definitely call the local smaller banks / credit unions as they would be the most likely to give you better financial advice on what to do in your case.But what you said sounds about right.

Announcement 2014-15 affirms this by stating “These actions by the IRS will not affect the ability of an IRA owner to transfer funds from one IRA trustee directly to another, because such a transfer is not a rollover and, therefore, is not subject to the one-rollover-per-year limitation.”If you decide to proceed with the movement of the IRA via the 60-day rollover method, the following revenue procedure references the new rule that was passed in 2014.

Did the person you are referring to only pay what the owner owed on mortgage or market rent price?

@Andrew BoettcherThis seems like a smart and economical solution.

Talk with your title company and the buyer and try and find a solution.

Anyone know of a mortgage chart calculating mortgage payments to use as a quick reference guide assuming 10% and 20% down.

Besides getting reference from family members and google, I posted ad in Kijiji as well.

I can refer you to a commercial LOC if you want a larger line than your bank offers.

@Justin Treaster Thanks for asking this question, I was good to see some references made in my market.

On the Podcast you hear a lot of guests and investors refer to finding markets that are in the "Path of Progress", meaning the economy and community show signs of improvement.