How to transfer family-owned investment properties

[Kaylee Walterbach]

Hey all! A family member wants to sell two side-by-side properties and wants to know if we're interested. I believe they bought each for about $100,000 in 2020 (at those wonderful 2020 interest rates with conventional loans) and they're each worth about $200,000 now. We can't afford to pay out the $200,000 in equity upfront, but we don't want to involve a bank and lose the 2020 interest rates.

I know conventional mortgages aren't typically assumable. Should I be looking into lease options? Seller financing? Subto? Or is there another option for a sale within the family?

Thanks all for your input!