Sometimes the Bank of Dad gets raided by the older siblings first, and two houses later there is nothing left for anyone else. There are advantages to being a first mover.You might consider selling it while disclosing the roof issue. There is so much excess money in this economy. Many buyers are getting their loans preapproved by the bank of Dad. Or they just have the money somehow.
Otherwise, there are companies that will service the loan for you, for a price. All interest is taxable.
If it needs a roof and you live in a poor place where the bank of Dad does not operate, why not replace the roof and then sell?
Statistics: Posted by Sprucebark — Tue Oct 29, 2024 12:42 am — Replies 4 — Views 268