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First-Time Home Buyer

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Alvaro Robledo
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looking for best strategy for first home purchase

Alvaro Robledo
Posted May 19 2022, 15:34

im new to the community. im learning alot from the BP podcasts. My question here is, my parents separated but still had a home together. before my mother passed her and my father said i can keep the home. which i have already taken over the mortgage and bills. i just still havent legally got my name transferred onto the mortgage, the loan it is still under my fathers name. the reason was because im looking into buying another property using a first time home buyer loan or grant. then rent out the house that was given to me. should i add my name to mortgage before or after i buy a new property? also is this the right strategy? i live in a nice neighborhood i have over 100k in equity on this property with 40k in capitol. i just dont know where, when, or what strategy i should take? as i said im new and still learning. Any advice or tips will be appreciated, thanks 

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