Hi BP Community, I’m helping a family member (high W-2 income, excellent credit, based in the Bay Area) explore creative paths to primary homeownership in a high-cost market (Menlo Park, CA).They are fully capable of covering a mortgage in the $2.0M–$2.3M range, but like many, liquidity is the blocker—no family gift, no stock windfall, and equity is currently tied up in a second home in Palm Springs.We’re looking into two models:Silent Co-Ownership•Investor contributes all or part of the down payment• My family member would live in the home full-time and covers 100% of the monthly mortgage, tax, insurance, and maintenance•Equity and appreciation are shared based on initial structure•Clear buyout option or exit terms in ~5–7 yearsLease-to-Own•Investor buys the home• Multi-year lease and a pre-negotiated option to buy at a set appreciation or fair market formula•Builds equity or credits via monthly payments or upfront considerationHas anyone done something similar?

Hey All, I am hoping someone on here has been in a similar situation and has some knowledge to share. 

So to me the question is not so much B or C, but what property will be attractive enough and encourage tenants to stay 5+ years - because that's 5k vs 30k in turnover expenses.But let's talk definitions - the median sales price is the deciding line between B and C.

Are there any origination or other fees to open the line of credit?

You need boots on the ground, market research, buy [box], cash/pre-approved loans, negotiation skills, and local knowledge to bring it all together. 

By the way can anyone recommend a real estate lawyer on the New York side of the Berkshire?

To my fellow realtors - when you're showing a home that needs renovations or even on a listing appointment how do you usually handle those conversations about accurate cost and/or visualizations?

Happy to chat on KC if you looked here

I decided to give State Farm another try - with a different local agent.I advised her of the potential issue that she should check on before bothering to quote my multiple properties.

depending on the lender 90 days to 6 months is fairly common to base a cash out refinance on the as is value.