Hey guys, ive been thinking about this a lot and if anyone has experience with parents handing down a house or taking over your parents' house mortgage please advise.Background: There are 5 people currently in this townhouse and my parents have paid close to half the value so far. ive graduated college debt free and have been working in my field for a year. ive been saving for a down-payment so i can move out into a multi family house and rent one side of it.my father and i had dinner and i threw the idea of taking over his payments so i can build up equity and he can get the house he really wants (ranch style with a pool).

Paid a buddy $150 to excavate by hand for me and help feed the metal.

We have a paid for rental home that we would like to sell to our renters.

Typically the agent gets paid a few times when they work with us because of our bonus.

However, my partner paid $20k more in selling expenses than I did.

It is a HELOC so, the best I can say is the borrower paid for a few years but has not paid for at least 7 years and the initial loan amount is larger that the upb. 

Other agents won't show you property when you are already working with someone because they won't get paid if you don't buy the home. 

It is not enough to say that because you paid $80k, then it only has a value of $80k.You can file remotely, but if the value requested is more than 20 percent reduction, they will probably ask for a hearing.They will typically ask you if you made any improvements. 

Price, without any seller-paid closing costs, would be approximately $1,800,750 with rents at $895-$925.

I just bought a $120k house and paid about $9000 in closing costs... no wholesaler I have seen a deal from shows the closing costs, they just say ($50k profit).