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Updated over 5 years ago on . Most recent reply
Help parents via seller finance?
Hey BP community. My parents are retired and on a fixed income. They have a small mortgage on their home that is worth about $225K. I’m looking for a creative way to provide them with some cash flow, maybe via seller financing where I would buy the home and let them live in it. But I can’t afford to let them rent-free. Any creative ideas I haven’t thought of? Thanks!
Most Popular Reply
Nathan Gesner
Property Manager
Agent
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- Real Estate Broker
- Cody, WY
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The easiest method would be for you to pay their mortgage every month and they leave the property to you in their will. When they pass, you inherit the home.
- Nathan Gesner
The DIY Landlord Book
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