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Updated over 8 years ago on . Most recent reply

User Stats

38
Posts
7
Votes
George Gipson III
  • Vero Beach, FL
7
Votes |
38
Posts

What Would You Do?

George Gipson III
  • Vero Beach, FL
Posted

Ok a extremely close relative own $3400 in taxes and need to be paid by the 15th of this money. They don't have the money and it's 2 rental properties on 1 lot both are paid off. I can't give that much up right now. They are willing to put the property in my name if I pay it. Would I be able to take out a mortgage on the property if it's kind of raggedy but rented out always and currently no insurance. They need to collect the rent to pay their bills still but I was thinking about take out like a $20000 mortgage out to get my money back and down payment for a duplex. What would you do? 

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