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All Forum Posts by: Savannah Cronk

Savannah Cronk has started 1 posts and replied 2 times.

Buying & Selling Real Estate

Post: Strategies for selling home to family member

Savannah CronkPosted
  • Posts 2
  • Votes 0

Thanks guys but I should have been clear that I do want cash out of the deal. That's my main reason for selling I have over 225k in equity. 

0 Votes
Tacoma, Washington
Buying & Selling Real Estate

Post: Strategies for selling home to family member

Savannah CronkPosted
  • Posts 2
  • Votes 0

I'm wanting to sell one of my properties to my mom. The current loan is about 200k the appraisal 6 months ago was at 425k. With her income she can qualify to purchase about 350k. I want her to be able to purchase with $0 down. Any strategies or advice for pulling this off? 

Bonus if you know how to use a DSCR loan etc for something like this. Right now she will qualify for a mortgage but she hasn't been depositing her funds into the bank so we have to wait at least 2 months to show bank statements. If anyone knows a faster way I'm here for it.

Thank you !

0 Votes
Tacoma, Washington