Hello all,I wanted to refinance my mothers home in my name however, apparently according to my conventional lender, she would have to sell the property to me and I would have to complete the transaction as a purchase.

Additionally, I have a mother who lives out in Florida currently who has some experience in property management.

That isn’t my main goal, so I need to just stay focused on multi family housing or a house with a mother-in-law so I can live in half and rent out the other or do the crash pad thing.

Reddell) and mother (Louann Bransford) are Mortgage Loan Officers.

@Tanya Brown  Just some food for thought on the deal, you might consider using one unit as a 'traveling nurse' short term rental unit. 

My goal is to use money in someone’s ira (whether my mom, mother in law, or family friend) to purchase real estate.

Her mother and dad have passed away and had no other children.

The life estate scared off any competition when we bought, and when we sold the life estate tenant had moved out to a nursing home.

I’ve tapped out my mother’s resources and I just went under contract for another foreclosure for $105k.

I've seen travel nurses advertise on there and other people looking for temporary housing.