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Updated about 4 years ago on .

Patrick Carpenter's profile image
Patrick Carpenter's profile image
Patrick Carpenter
  • Member since Feb 28, 2020
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Patrick Carpenter's profile image
Patrick Carpenter's profile image
Patrick Carpenter
  • Member since Feb 28, 2020
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Patrick Carpenter
0
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3
Posts
Starting Out

Buying a rental home by refinancing it after being added to deed.

Patrick Carpenter
Posted

Looking to purchase a rental home from a friend with this kind of plan:

1. Be added the deed of a home
2. Cash out refinance the property
3. Pay the original owner their asking price
4. Remove friend from deed to be the sole owner

Is this possible/legal?

Thanks for any advice! 

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