Quote:
Originally Posted by id10t
How about setting her up with a loan so she has a 20% down payment and she buys the place ? Less out of pocket for you lets her build credit and eventually equity and makes her responsible for the place. Gives her skin in the game
No expertise in anything but it sounds like you want to help her out and maybe make a little money but dont want to be in the landlord business
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Quote:
Originally Posted by 1990C4S
Rent typically will cover a mortgage.
Why not put the down-payment down, and use her rent to pay the mortgage.
User her payments to give her some equity.
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I like this angle.
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