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Updated about 4 years ago on . Most recent reply

Noah McPherson's profile image
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Noah McPherson
  • Rental Property Investor
  • from Duluth, Mn
  • Member since Apr 6, 2021
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Noah McPherson's profile image
Noah McPherson's profile image
Noah McPherson
  • Rental Property Investor
  • from Duluth, Mn
  • Member since Apr 6, 2021
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Noah McPherson
  • Rental Property Investor
  • Duluth, Mn
38
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127
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Private Lending & Conventional Mortgage Advice

Using Family For Financing

Noah McPherson
  • Rental Property Investor
  • Duluth, Mn
Posted

Hey Guys,

So, I'm looking to buy my first rental property. I've been looking through the HUD listing at the local forclosures. My question is, is it possible to finance the purchase of a foreclosure with a loan from my family? If so, where would one get contracts for that? Any details on the process would be very helpful. Thanks!

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Charles Carillo
  • Rental Property Investor
  • from North Palm Beach, FL
  • Member since Apr 8, 2018
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Charles Carillo
  • Rental Property Investor
  • from North Palm Beach, FL
  • Member since Apr 8, 2018
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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
Replied

@Noah McPherson

Speak to a local real estate attorney that is familiar with drafting mortgages. They will be able to help you with it. I would not write one or download one online.

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