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Updated over 10 years ago,
Vacation rental property buy in
first time posting here everybody.... So I am a young professional guy with a decent stable job and some cash in the bank. My parents, through family connections inherited a 50% stake in a South Florida condo. I was recently approached by them to go in with my brother and buy out the remaining stake. Value of the condo is roughly $250k
Although I do have some money in the bank, I don't have enough to cover that kind of purchase. Could I mortgage this along with my brother and parents to get this done? Any other tips would be appreciated.