All Forum Posts by: Mohamed Alli

 I am fortunate enough that my mother has created a trust for me to go to college, however, I've convinced her that we should use those funds to acquire an investment property via an FHA loan under my name I have the money necessary for the down payment on a 250,000 property and would use the money she's saved for the past 21 years to cover the closing fees or the other half of the down payment. However I am not sure how to give her a portion of the equity of the property, every example I've looked up has talked about "the gift of equity" from a family member but we won't be buying from a family member. Any suggestions will help

I am fortunate enough that my mother has created a trust for me to go to college, however, I've convinced her that we should use those funds to acquire an investment property via an FHA loan under my name I have the money necessary for the down payment on a 250,000 property and would use the money she's saved for the past 21 years to cover the closing fees or the other half of the down payment. However I am not sure how to give her a portion of the equity of the property, every example I've looked up has talked about "the gift of equity" from a family member but we won't be buying from a family member. Any suggestions will help

I am fortunate enough that my mother has created a trust for me to go to college, however, I've convinced her that we should use those funds to acquire an investment property via an FHA loan under my name I have the money necessary for the down payment on a 250,000 property and would use the money she's saved for the past 21 years to cover the closing fees or the other half of the down payment. However I am not sure how to give her a portion of the equity of the property, every example I've looked up has talked about "the gift of equity" from a family member but we won't be buying from a family member. Any suggestions will help

I was listening to Craig Curelop's book "the house hacking strategy", he mentioned a way to make the seller of a house liable for major repairs to the property for up to one year. I'm having trouble recalling how it's done or what its called, this would definitely help with saving on some of my reserve cost