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Updated almost 11 years ago,

Randy King's profile image
Randy King's profile image
Randy King
  • Investor
  • from Madison, Alabama
  • Member since Feb 8, 2013
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User Stats

93
Posts
28
Votes
Randy King's profile image
Randy King's profile image
Randy King
  • Investor
  • from Madison, Alabama
  • Member since Feb 8, 2013
Connect
Randy King
  • Investor
  • Madison, AL
28
Votes |
93
Posts
Mortgage Brokers & Lenders

Ideas for selling house to our son

Randy King
  • Investor
  • Madison, AL
Posted

We purchased a house with an ARV of 210-215K in Dec for 173K cash. We were originally going to do a rent to own with it. Our son wants to buy it. We would like to sell it to him at our cost plus fold in closing cost. Would like a conforming loan so as to minimize pmi and interest rate. What are we going to run in regarding related parties and seasoning when obtaining a FNMA conforming loan?

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