Newbie with an opportunity - What is the best path to take?

[Steven McCarthy]

Hey all - I'm new to the site and to the podcast so thank you in advance for your patience. My question: My mom is now a full time resident in Florida. She has four rental properties with four units in each in MA, where I live, that she has owned for several years now. She mentioned recently that she would like to sell them and asked if I was interested. I said of course let me do some research. I don't really have any assets or equity, and only a few thousand dollars I can play with. What are my best options for buying one of these properties? My friend mentioned using the properties income to pay her but I don't know where to start. Maybe there is a podcast you could point me to? As a note, I do have my real estate license. Any help would be sincerely appreciated. Thank you 

[Catherine Coy]

First, Steven, congratulations on this extraordinary opportunity that your mother has presented to you!  Your mom can do seller financing and receive her equity in the form of the difference between what you're paying her in interest and what she's paying in interest (if there's a loan against the properties, that is).

I'm thinkin' this strategy is covered in this book.

https://store.biggerpockets.co...

[Danielle Jackson]

Great advice @Catherine Coy. Some creative version of seller financing is most likely the right solution! 

[Gary Heuston]

in addition to what was said above, don't forget your mom as an experienced real estate investor could be a good mentor to learn the ropes, she may also have some good ideas to throw at you for how to purchase from her!