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Updated over 3 years ago on . Most recent reply

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8
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5
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Jerry Davis
  • Lawrenceville, GA
5
Votes |
8
Posts

I know it's some money in this situation.... I need help though.

Jerry Davis
  • Lawrenceville, GA
Posted

My situation: My mother owns a home that has a relatively low balance left (15k or so). She has decided to remarry and has left the house to me however the mortgage is not assumable. My goal is to update the home, refinance and use it as either a rental/Airbnb. We are getting several offers to buy the home cash sale. I would like to know if there is anyway I could get the home ownership changed without initiating the due on sale clause? If not, what are my options for turning this property into an asset?

Most Popular Reply

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5,065
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5,124
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Scott Mac
  • Austin, TX
5,124
Votes |
5,065
Posts
Scott Mac
  • Austin, TX
Replied

How long would it take you to work a Temp Job and make $15,000--that's not very much.

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