All Forum Posts by: Tom Adams

Thank you everyone! Now to some more pertinent details i would assume. 

the house is currently owned by my father, after it was willed after my mothers passing. I have power of attorney and the home is willed to me as well. With that being said, my father doesnt have the income to support any sort of loan. What would be first step perhaps to being able to tap into that equity? Selling the property would create a large capital gains tax that I want to avoid. Is there a way around this?

Hi, I have a beachhouse that has approx 750k of equity and am looking at doing 1 or multiple things. At the very least, I will be using this property as a short/medium term rental. Also, I was wondering how/is it a good idea to use the equity in this property somehow to purchase other rental properties? Any tips are much appreciated! is there an episode i can listen to that targets this question? I should note this beach rental is in a popular location and renting the home shouldn't be an issue for families looking to enjoy a week or two super close to the beach.

Thank you!