Answers by Zamir Gonzalez

This would be a great question to ask a local CPA in your state. They will have a better understanding of your financials and how you will be taxed for a second home.

Absolutely. It all depends on the financing structure. Having them co-sign will have you as the head of the mortgage. You will be responsible for making the payments. As far as tax implications you need to speak to your CPA.

Short Answer, Yes. It would be best to evaluate your house and understand (1) Why am I consistently price-dropping and (2) Why is my house not selling? Evaluate feedback, number of showings, open house feedback, potential previous offers, and CMA (comparative market analysis). Understanding the condition of the home too. Many buyers look for almost-ready move-in homes. If you have the budget or an agent who can help with repairs to get you top dollar. When it comes to consistent price dropping; you will also get lowball offers. This is why pricing right is important. I always plan as is, depending on showings and feedback. I give the listing approximately a month or two before doing our first price drop if we agree to an appropriate initial listing price.