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Updated over 3 years ago on . Most recent reply

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Jorge Morales
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Is it wrong to buy a house my mother got denied for?

Jorge Morales
Posted

My brother/agent flipped a house and it looks great. After running some numbers I think it would be a great investment. The only problem is my mother was in the process of buying it and unfortunately a week before closing the bank denied her. Now my brother/agent asked if I was interested  and I am but I feel as if that could rub my mother the wrong way since a would buy the house she wanted and rented it out to somebody else, especially since she has been living in the bad side of the city . I would love to buy it for her but then it would not be a great investment. Unfortunately I don’t have enough of a portfolio where this would actually work.

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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
18,561
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
ModeratorReplied

Could you or your brother cosign for her? If my mom lived in a bad part of town, I would figure out how to help her as a priority over snatching her dream home for an investment. I would stay away from the property so you don't create bad feelings. You only have one mom, but there are thousands of deals...

  • Joe Splitrock
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