You can simply offer a higher sale price to do that. 3.

@Kamryn DeVaulttoo broadwhat specific questions do you have?

Someone point me in the right direction on what I should be doing.

Oklahoma doesn't allow for contract assignments, so we had to do a "referral fee" instead.

There's so much you could do with a property like that!

What should you do now?

How soon are you looking to buy and do you know what areas?

There are pros / cons of whatever way you go about it plus a lot of unknowns.If your dad owns the place and it appreciates a lot and he decides to sell it, the gain can potentially be tax free which you wouldn't have the option for if it was a rental.I personally wouldn't do business with family.What if you own it and he rents it from you and you both have a disagreement on rent increases?

It’s a matter of “do we want to live in this area?”

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