Need opinions on strategy and loan

[Daniel Madrigal]

My mom is essentially selling her condo to me at half price. I'm currently living in it and am planning on doing so for at least few years.

I would like to tap into the equity left over to invest in a future property.

When I spoke with the lender they suggested we could do a sale now with a 50% gift of equity down payment. This would come with higher fees about $6k or so, or he suggested my mom could put me on title and after 6 months they could do a cash out refinance under just my name. This option would have less fees.

What should I do? Even though I want to take action now, I feel like I should wait the 6 months and do a refi for 85% or whatever they allow. If I do the sale now wouldn't it take longer plus a seperate loan to tap into the other half of the equity?

Thanks in advance