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Updated 7 months ago,
Using Home Equity for Real Estate Investment
I need advice on my current real estate situation. My mother gave me a house she bought in 2010, and its value has increased significantly since then. My real estate attorney advised against putting my name on the title due to tax implications. I want to use the equity from the house to buy more real estate, but most lenders require my name to be on the title to prove ownership. Additionally, my debt-to-income ratio is high. Should I consider taking equity out of the house to invest in more real estate, or are there lenders who can work with my situation?