Skip to content
Buying & Selling Real Estate

User Stats

13
Posts
3
Votes
Bill Rogers
3
Votes |
13
Posts

Subject to Deal!!!

Bill Rogers
Posted Jan 24 2023, 12:54

Sub to question:

There's this house that has about 85,000 in equity but its been sitting on the market since August. What I was thinking was offering him $60,000 and taking over his mortgage at 2.9%. Would he have to pay tax on the $60,000 that I pay him? Are there ways around it? Let me know your thoughts! Thanks!

Loading replies...