Updated over 7 years ago on . Most recent reply
Should I buy my mom’s house?
I’m 19 turning 20 in December. I want to invest in a small mobile home park, but I only have 10k and only have a couple people that i believe would invest with me. So should I offer my mom some money to buy her house pay the mortgage for 6 months, then refinance. This way I would have more money to help buy a small park. The house is worth around 130k and she only owes 40k, I was thinking offering her 60k. The thing is I can’t sell it for the length of time she wants to live there.