The recent correction of about 10% in the DFW market has gifted buyers with a degree of negotiation power, so you have to offset the higher rates with a lower purchase price by coming in under market value. 

Wow, popular thread...I only read the first page, so I don't know if this has been addressed, but in my opinion, everyone who posted on page one missed a very important factor: Taxes.I'm not a tax professional, and maybe there's a clever way to get around this issue such as a permanent trust, living trust, etc. but I'm fairly certain that she'll have to pay income tax on that house you are giving her for the amount that passes the gift exemption.

@Leon Trak I don't know if anybody is really meant to be working for corporate America.Call it wishful thinking or whatever you want for that matter, but I truly believe that we all have abundant talents, skills, and gifts that we habitually fail to use.

Samuel - thanks ....I  believe non occupant co borrowers  will be allowed .....and I believe  that gift funds from relatives  will also be allowed ...

I'd recommend a gift from a family member or friend to assist in this.

If you pay the back taxes on a property you have done nothing but given the property owner a gift.

how about gift from family?

In many cases, what people do is get the money from a relative, or friend, give the bank a gift letter from that person, then turn around and pay that person from the HELOC.

@Nicole HeasleyI am a little bit wary since this transaction is done between family member.1) If you guys decide to go the seller financing route; you guys should pick an appropriate interest rate and not 0%.Your father should then pick up interest income from the seller-financing note.If the note calls for 0% interest - the IRS can calculate "imputed interest" onto your dad's income.A workaround this is for your father to gift you $14,000(annual gift exclusion for 2017) and use that to pay off the seller financing and you pay him back after all is said and done.It should also be noted that if he sells you the property at a loss - he can't take the loss on his return.

In my knowledge of the Tenant, he is very sneaky and manipulative, so perhaps he is just a really gifted con-artist.