I want my mom to gift her house to me, so I could leverage it?

[Ian Thompson]

My mom and I have a fantastic relationship, currently I live at home and keep the house up. I’m 26 unemployed because of Covid and have $30k in the bank. Excellent credit history and minimal debt. I want to learn real estate and started studying to be an agent (Gain experience, connections, and income) win! Anyways I had an idea.. My mom to gift the house to me, this would benefit her because the house still has a mortgage so I would take on the debt. She would just pay me rent, the same amount she was paying. She’s close to retiring. And it would benefit me because I could borrow against the house in the future to secure a better interest rate on a loan, correct? FYI house is worth around $450k but $150k is still owed, this is the second refi she did I think. So smart or not? Thanks for the reply’s!