Hi community! I am a first time investor and am researching and learning as much as possible before I take the plunge. My partner and I are planning to begin on making offers starting Summer 2025. I have zeroed in on ...

That is the best option if you are truly trying to help a family member.you cannot get control of the mortgage, you can do sub2 but you are not in control, the bank could call it due if they see the property transfers title.The other way is for you to buy it from them at market rate, then rent it back to them at market rate.

This led me to have an extreme ambition of trying to give my future family the things I didn't get.

My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

I would try to buy properties starting at a specific date so not large ticket items come up.

Hey there, NY Tri-State real estate investors!

I can try an in person visit, I suppose, yes. 

Keep up the self education and try to figure out some sort of unfair advantage that you may have.

This is the confusion I'm trying to resolve.

For me, I am a little hesitant because I would be in a situation where I would be trying to secure traditional lending (which should be very feasible given credit scores & what $$ amount I am pre-approved up to from my banks), meaning that I assume I would be forced into using my first-time homebuyer loan incentives.