What is the best way to buy my aunt’s house?

[Waylan Liu]

I’m trying to get some advice on the most efficient way of buying my aunt’s house. She is in no rush to receive the funds and the property does not have a mortgage. 

I’m currently short on cash and my idea was to transfer the ownership to my name and after 6 months do a cash out refi to give her the funds. 

Agreed sale price: $190,000

ARV: $240,000

Is a quit claim deed the best way?