Skip to content
Buying & Selling Real Estate

User Stats

2
Posts
0
Votes
Savannah Cronk
0
Votes |
2
Posts

Strategies for selling home to family member

Savannah Cronk
Posted Feb 22 2023, 16:01

I'm wanting to sell one of my properties to my mom. The current loan is about 200k the appraisal 6 months ago was at 425k. With her income she can qualify to purchase about 350k. I want her to be able to purchase with $0 down. Any strategies or advice for pulling this off? 

Bonus if you know how to use a DSCR loan etc for something like this. Right now she will qualify for a mortgage but she hasn't been depositing her funds into the bank so we have to wait at least 2 months to show bank statements. If anyone knows a faster way I'm here for it.

Thank you !

Loading replies...