Buying a home from my mother

[Anthone Edwards]

Hello,

So my mother has a trailer on a lot of land. She has a small loan on the trailer, but she already owns the land. She would like to move out into another home and give me the trailer and land, so I was planning on cleaning up the trailer and than I could rent it out.

So, my question is what is the process of executing this? Could I just pay off the loan for her in cash, and than just get a real estate attorney to transfer the deed? Is that all I need or do I need a title company involved?

Also, eventually I would like to take a loan out on the trailer once I clean it up so I can pull my cash out, so is there anything I need to do now to be sure I can get a loan on the trailer? Should I get a home inspection?