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Updated over 7 years ago,
Loan from parents to creatively finance a first buy
Hi BP,
I'm trying to help my parents find a income property to invest in to supplement retirement. But I'm also looking for deals for myself.
Has anyone heard of or done a deal where they take a loan from their parents as the mortgage and then purchased it themselves? This would allow us to both benefit from a single property.
Hopefully that makes sense as a question.