Hello!
I am purchasing an investment property for my elderly parents to retire in. My lender is offering me a “Family Opportunity Mortgage” option- a special borrower eligibility occupancy rule in which Fannie Mae e...
I contemplated on posting this article but decided to do it, since it's valuable information. These are some things a lot of us don't want to think about but should consider because you never know...Here's the article...
I am hoping to bequeath my primary residence to my daughter upon my passing. I met with an attorney who suggested that I just put her name on the deed thus making her a "joint tenant." I was wondering if this is the b...
I'm in the process of purchasing a home and looking for some advice or others opinions. I am purchasing a home from a family member for about 150k below market value. My two options are to receive a gift of equity for...
I'm currently looking at my first STR, and I'm focused on several beach front condotels. I'm looking in the Carolinas, but I think the question would apply to condotels in any beach area. It seems like with condote...
My mother has a condo in the city of Chicago, which is her primary residence. Recently, she stated that she wants to gift me her condo and eventually move into a senior home. As she is getting older in years, she is l...
I live out of state, but I want to purchase a multifamily home in Ohio as a rental property.
My brother wants to gift me the majority of the down payment, and he plans to be on the title with me, but I am having a ha...
Hi Everyone!My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...
This is not a situation I have in front of me but I'm doing some exploratory thinking. What if I was talking to an elderly couple that were concerned they would run out of money but want to continue living in the hous...
(Disclaimer: I'm definitely anewbie, so sorry if this question is elementary)
I've done some reading about using creative financing, however I recently spoke with a loan officer about different ways that I could get ...