Advice on structuring a deal - SFH San Diego
Hi all,
My brother in law is in the navy and just got orders that require the family to relocate. They’ll be leaving San Diego and selling their house.
I really want to buy their home and turn it into a rental but I don’t have the capital. What I’d like to do is structure a deal where they cut me a deal on it and maintain partial ownership. Or another possibility would be partnering with someone to assume the loan on the house and pay my brother in law the difference between an agreed market price and what they owe.
San Diego housing is so difficult to get a great house like this for a reasonable price without getting beat out by cash offers. It's a tremendous opportunity I hope I don't miss out on. I would love to find a way to make a deal that benefits all parties.
What’s a good way to structure a deal like this? All thoughts and recommendations appreciated.
Thank you
Ali