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Updated over 1 year ago on . Most recent reply

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Trent Viccari
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Looking for input and advice on first rental!

Trent Viccari
Posted

My father has a 2bed 2 bath house that he still owes 16k on that he no longer wants!  The current tenants are leaving and the place will need 15-20k work to get it back up to a respectable place to live.  However my father just wants to give me the house instead of me buying it. What would be the the best way to go about this?  I have looked into a subject-to loan or possibly refinancing it to have me added on the current loan.  Any advice would be greatly appreciated! Thank you!

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