Buying rental prop from family.
Hi all,
Newbie here so please bear with me. My uncle has a rental prop in an up & coming neighborhood that he wants to sell to fund his retirement. I would like to buy said prop, but don't have the collateral to get a loan of that size. I'm gainfully employed and have some savings.
Is there any way in which the building could be signed over to me or sold at a more reasonable price then I can turn around and take out loan using that prop as collateral to pay remaining balance on his original ask?