hello, strange question (that came up in an even stranger conversation!) – is it legal for someone to set up a small business as a landlord, then buy their current house and rent it back to themselves? Im sure it isn’t and i don’t want to loose a bet!
In the UK!

Rent Back

If i quick claim deed an investment house to my son how fast can he resell it? We have a buyer and need to turn it fast so he can buy a house with the cash. There is no mortgage on the property and will sell for $30.000. Does he have to register the deed and wait or can he resell it with another quick claim deed? Also if it is a gift he should not have to show it as an income or should we make a loan contract with him to pay us back?

Sell and Rent Back

We’re looking to buy a house but it needs a lot of work. I’m trying to get a ballpark figure of how much it’ll cost us.

The house is 1300sq ft, needs new flooring (wood laminate), a new kitchen with cabinets, counters, appliances, 2 new bathrooms including all fixtures except the toilets, new paint including ceiling and doors for closets.

It’s $235K, market for a house in that neigborhood, same style is $265-280.

Should we buy?
It also needs new shrubs and lanscaping and the outside trim needs painting.

Rent Back

2 friends & I have the opportunity to buy an old house at a very reasonable price which needs renovation. Can anyone advise me of the most suitable way to raise the £65000 which I would need to pay my share? We’ll be doing the work ourselves & expect to be selling the property fully refurbished within 6 months. Thanks in advance for any advice you can offer. For info’ I own a property without a motgage on it & also a family home with a big(gish) mortgage.

Real Estate Professionals

for $100k. Or would you buy a new house with all amenities for the same price?
I’m thinking buy the old house and fix it to my specs. and I will enjoy the rebuilding process too.
Most of your replies were very informative. I cannot decide which I should choose because all your input helped me. I’m putting it to a vote.

Rent Back

I wanted to buy property in Australia. I think property without land could depreciate in value and you might not have full control to do with the property such as renovation etc. Owning an apartment unit might not allow you to own the land, what about villa?

Real Estate Professionals