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All Forum Posts by: Dewayne Murray

Dewayne Murray has started 2 posts and replied 4 times.

thanks @Account Closed! I will look into it

hey guys!

I’m currently living in one of my moms properties.130k is left on the mortgage but the comps in the area are in the upward 270k to 300k.  I pay all bills here including the mortgage and taxes etc. My mom discussed with me the other day she would like to sign the property over to me but she still owes on the loan. 

My question is, is it possible for her to sell the property to me for under market value ? What’s the best way to approach this situation? 

Post: 97 conventional loan???

Dewayne MurrayPosted
  • Opa Locka, FL
  • Posts 4
  • Votes 0

for FHA I would still have to live in the property for at least a year @Michael Cohen before renting it out?

Post: 97 conventional loan???

Dewayne MurrayPosted
  • Opa Locka, FL
  • Posts 4
  • Votes 0

this upcoming year I will begin investing. I've been searching for the best way for me to get started and recently I've bumped into he 97 conventional. I'm puzzled a bit on what's the difference between it and the first time homebuyers program. I'm hoping to house hack and would like to know which suits me better.