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Updated about 7 years ago on . Most recent reply

Michael Faudoa's profile image
Michael Faudoa's profile image
Michael Faudoa
  • Rental Property Investor
  • from San Diego, CA
  • Member since Mar 9, 2018
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Michael Faudoa's profile image
Michael Faudoa's profile image
Michael Faudoa
  • Rental Property Investor
  • from San Diego, CA
  • Member since Mar 9, 2018
Connect
Michael Faudoa
  • Rental Property Investor
  • San Diego, CA
5
Votes |
41
Posts
General Landlording & Rental Properties

Taking over my primary residence

Michael Faudoa
  • Rental Property Investor
  • San Diego, CA
Posted

I currently live in a home with my parents. The home is valued at around $425,000, and my parents owe around $287,000 on it. My parents want to turn this house over to me and have me run it as an investment rental property. How can we do this? 

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