Buying a home from my mother

[Kasie Hays]

Hello all!

First time post. Long time fan. I'm new and apologize if this is obvious. I currently have the opportunity to purchase a home from my mother for $70,000 valued at $240,000. I know typically with the BRRR strategy that you can buy a home and then refinance to pull the equity out. I was wondering if I would be able to obtain a loan for the full value and allow me to keep the additional $170000. I promise I'm not taking advantage of my mother! She wants me to have a good start! Any advice would be greatly appreciated!