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Updated about 7 years ago,
Buying your flipped home
Long story short a family member is interested in buying one of the homes I will flip through a HML. My name will also be on the mortgage once they purchase it through a conventional loan. If I did that would that interfere with my profit I made after the purchase? Or since my name is on the mortgage would I have to do a cash out refi? Keeping in mind that they are buying the house, and their credit and income will be ran, my name is just on the mortgage along with theirs.
I hope you guys understand my question. To sum it up I just want to know is it possible to sell the house you flipped, and have your name on the mortgage along with person you sold it too without interfering with the profit?