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Updated over 5 years ago on . Most recent reply

Colleen Buddemeyer's profile image
Colleen Buddemeyer's profile image
Colleen Buddemeyer
  • Member since Aug 1, 2019
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Colleen Buddemeyer's profile image
Colleen Buddemeyer's profile image
Colleen Buddemeyer
  • Member since Aug 1, 2019
Connect
Colleen Buddemeyer
3
Votes |
5
Posts
Buying & Selling Real Estate

Buying investment proprty from family member

Colleen Buddemeyer
Posted

I was recently told that it is illegal to buy an investment property from a family member in Maryland.   I am trying to buy my son-in-laws house as an investment property.  I am paying fair market value for the house.  What difference does it make if I buy it or he puts it on the market for the same price and someone not related buys it?    Is this true and is there any way around this?

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