Updated about 7 years ago on . Most recent reply
Buying 25% of a duplex with an FHA loan or other ways?
Hey guys,
Noob here with a unique situation... Parents are selling their 50% share of a duplex. they have an offer from the inheritor of the other 50% (they bought the duplex with their friend 30 years ago and when he passes it's going to his nephew. his nephew has offered to buy my parents out). My mom is willing to keep her 25% if I am somehow able to buy my dad out. Would any lender lend that 25% to me or is that too complicated of a deal? Would i qualify for an FHA loan? (only downpayment I could really afford).