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Updated over 3 years ago, 04/28/2021

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4
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Craig Moore
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4
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Keeping owner on mortgage

Craig Moore
Posted

I'm just getting started on my REI journey. Like most, I've read several books and listened to hours of videos and podcasts. I don't think I've seen this exact situation discussed. My sister lives in Michigan but plans on moving back to Alabama in about 3 years She's currently renting and really isn't in a position to buy. I've talked to her about her buying a house with me supplying funds for down payment, closing etc. She'll make the payments until she moves and then I'll keep it as a rental. When that happens, can I keep the mortgage in her name to keep from having to go through the selling/ buying process and the costs involved? And if so, what's the best way to handle that? Want to make sure the end game will work out before we follow through with it. Thanks.

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