Hello,
THIS IS NOT A REQUEST FOR A LOAN but for advice on how this could be achieved.
My name is Shawn. Sorry ahead of time for the long story. I’m a full time college student. My wife works but doesn’t make a lot. We want to start getting into real estate. I’ll be done with school in about a year. With a job that pays from 70-100k a year. My mother owns a house in Kansas it’s worth 140-150k she has a heloc for 65k on it the rest is paid for. She is willing to sell it to me for 65-75k so I can use that house for Helocs for me to start investing. I’d also be helping her with her upcoming retirement. The tricky part is I live in Texas. We aren’t looking to by a mobile home for 75k and save half our money every month from rent which is $1200. We can qualify for the trailer loan but did qualify normal home loan fha. I really want find out if anyone can help me get the loans or give be some advice.
Kansas house value 140-150k
Kansas house sale price 65-75k
Trailer house Texas with own land 75k
22k In 401k’s
I’d be very open to calls or emails if that’s allowed on here. If so please let me know and I’ll post my information thanks again
Shawn
