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Updated about 10 years ago on . Most recent reply

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8
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1
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Brianna H.
  • Peabody, MA
1
Votes |
8
Posts

Seeking to Purchase with Nothing Out of Pocket - Possible?

Brianna H.
  • Peabody, MA
Posted

I may have the opportunity to purchase a smaller condo from a relative - quite simply put, she doesn't have the know-how or appetite to manage it as a rental and wants to be rid of it. The only way this will work is essentially if neither one of us has to pay anything out of pocket. I know that it may require some creativity here, but is there a way to make this happen? Please note: I have a great credit score and DTI ratio, a down payment is out of the question unless I borrowed from someone else - so basically a down payment is out of the question.

Welcoming all creativity here...thoughts?

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