Exit strategy help

[Kieran Dowling]

So my parents are buying my first fixer upper for me all cash in there name. 

We have created a contract that states i have to pay them back within two years via  refi to get it out of their name and into mine. 

What would be the best way to go about this. Heloc, cash out or any other strategies?

[Scott Wolf]

Quote from @Kieran Dowling:

So my parents are buying my first fixer upper for me all cash in there name. 

We have created a contract that states i have to pay them back within two years via  refi to get it out of their name and into mine. 

What would be the best way to go about this. Heloc, cash out or any other strategies?

 I'd be careful here.  What your saying isn't an arms length transaction.  If they're buying it for you all cash, you should just buy it and have them be the first mortgage.  That way when you go to refinance, things will be simpler.