Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on .

User Stats

25
Posts
9
Votes
Christopher Owens
  • New to Real Estate
  • Bremerton
9
Votes |
25
Posts

newbie first deal with parents house

Christopher Owens
  • New to Real Estate
  • Bremerton
Posted

hello friends thank you for reading this,

so im trying to get into real estate i want to buy my moms house for the price of the mortgage of  $70,000 but sells for around $135,000 my dad is out of the picture and we are not on talking terms and we want to get his name off the deed and payments while setting this house up as a rental i used the calculator on biggerpockets it seems with rent rates i won't cash flow but thats ok im just looking to start my buy and hold career. my mom recently got solar panels if i buy the house would that be a lien i am responsible to pay up front is there another way to transfer title then i can just refinance under my name and take over the loan? im looking for my important next step who should i talk to to figure this out, i appreciate everyone's time and efforts.