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Best way to exit & cash out paid off house. parents to child tranfer.
Best way to exit & cash out paid off house. parents to child tranfer. Trying to figure out a plan how my parents can sell/exit out the house. Current condition worth (as is) $150k, market comps that has renovation worth about $190k. Parents already have plan to love overseas after this . 1- Parents go to do quit claim deed or sell to me for $1 . No capital gains tax to pay here 2- I would then take out HELOC/Cash...
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