Can you BRRRR a family members house?
Hey guys, fairly new investor here. I only have 1 property so far. So, If a family member has say 40k left on a home loan of 150k and is willing to sell it to me for 125k, is it possible to get a private or hard money lender to set this deal up? I would want to buy it for 125 and then rehab it a bit and cash out refi and keep the family member living there. Do you guys think it would be an issue with the lender that I would be buying it under market price? I haven't done a BRRRR yet and I'm not sure if this specific situation would work. Any insight would be greatly appreciated! Thanks!