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Updated about 3 years ago,

User Stats

7
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2
Votes
Jorge Morales
2
Votes |
7
Posts

How to get Creative financing for a duplex?

Jorge Morales
Posted

I'm looking to help my parents when they retire in the next few months/years. I've been looking for creative ways that i can somehow get a duplex so they can live in one unit while i can rent the other out. I don't want to use a regular conventional loan myself and neither do they to avoid using a big chunk of money they want to save. They don't have too much saved for retirement which is why I believe this will help them and myself in the long run since i want to invest in real estate anyway. Is it possible for them to use an FHA loan and i can fund the deal? If we purchase it together can it still qualify as an FHA? I'm looking for some Creative Financing to get this done in a way it can benefit them for retirement