I'm at the beginning of my investment career, fresh out of college and pretty heavy in debt at 7% interest.

Incurring debt before you have sufficient earnings to support that debt.

Clearly the note is more than just evidence of a debt, right?

Her mother is willing to (co-sign) and has excellent credit and debt to income ratio that will more than allow but I’m not sure the best way to structure this for the house to still be in our name?  

The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!

This is a buy and hold in a great location in a great market Does anyone know of a group i can post this deal And last option we were considering was to use her cards to pay off my debt so then I can buy the house from her and get a loan on it If u made it this far thanks 🙂

The name (former tenant) looked familiar and sure enough when we looked at the credit report there was the debt from us from 2023. 1.

While I doubt I'll be investing here (terrified that property taxes and the pension debt will ultimately cripple property values), I'm always interested in meeting new people.

Depending on your debt to income, you might have to sell or have an executed lease to secure financing to buy the second home.

I’ve taken care of all my debt and am pre-approved for roughly $220,000.