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Updated almost 6 years ago,
Want to buy mother’s house for future rental property.
I currently reside in the Atlanta area and I am wanting to buy my mother’s home now so I can use it as a rental property because she is moving. The homes in that area rent for 20% above market so there is profit to be made passively. What is the best way to fund this? I have looked at home loans from banks that i qualify for. I only know real estate from a hole buyer perspective. I merely want to find financing and get it in my name. Would I need lawyers, inspectors etc....What would be the best route to go about this?