Buying An Investment Property From Family

[Vennessa Shuler]

My hubby and I are purchasing my mom's home as an investment property. I'm trying to maneuver the best way to obtain a conventional loan without having to put 20%+ down to the bank. Possibly, by having my mom 'gift' part of the down payment, but it would have to come from the money she'd make on the sale.. Not sure if / how that would work.  Any suggestions for creative ways to get around putting the entire 20% down or other ways to cut costs in an internal deal?  FYI, seller financing is not an option. I greatly appreciate any insight.