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37
Posts
20
Votes
Ryan A Rodriguez-Wiggins
  • Rental Property Investor
  • NJ CT, Long Distance
20
Votes |
37
Posts

Buying and selling to a relative

Ryan A Rodriguez-Wiggins
  • Rental Property Investor
  • NJ CT, Long Distance
Posted

Hi All,

My cousin is selling her house and can't afford to put a down-payment on a new house until they close. She has two young children, one of which is on the autism spectrum, so moving twice would be difficult for them.

I'd like to help out and purchase a place that they like, and then once they close on their sale, have them purchase the home from me.

Market where they want to buy is super hot, so a contingent offer won't work. Any ideas on how I could structure this and avoid paying realtor and closing costs twice?

Wholesale, hard money loan to her. Etc...?

Thanks!