Inheritance Buyout Financing Options

[Lindsey Wallgren]

Seeking advice and financing options for an inheritance buyout of a mortgage-free property, where I am one of a handful of beneficiaries. Unsure of how to proceed logistically. I have a meeting set for next week with an RE attorney but want to have an idea about my financing options both short term and long term.

[Matt Devincenzo]

I believe you can do a conventional cash out refi with your ownership interest functioning as the down payment. The other owners would sell you their shares for the value you agree on, and the loan funding (your new debt) would be their proceeds.