Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

2
Posts
1
Votes
Doug Beach
1
Votes |
2
Posts

But big house with mom and turn current houses into rentals

Doug Beach
Posted

Hello, my mom's house is paid off worth around $400k. My house is about 2/3 paid off worth around $400k. We want to buy a big place for my young family with land and a MIL suite. My house is in my name and my mom's house in her name. How can we leverage the equity of both of our houses to buy a nice place? Budget around 800-900k. 

i just don't know the best order of operations to get her and my family into a new home and either sell or rent our homes. It's not really feasible for her to move into my house or my family of five to move into hers. And I'm wondering what's best to do. Her house has a pool and I don't know what that's like as a rent house. 

i have no rentals and think this is a great chance to get into rentals. Or just sell both and put into one house but I don't know the legal hoops to do to not have to pay capital gains on the sales. 

Loading replies...