Even if your mother approves using some equity from your home as a down payment for a second property, you will still need to qualify for the remaining amount needed for the purchase.

Hi Amanuel,This depends on your strategy but if you are looking to purchase and rehab to add-value before either (i) flipping or (ii) refinancing, you can likely find a product for 15-20% down, perhaps 10% if you're creating enough value.

What is the purchase price? 

Especially the purchase agreement.

Purchase price: $662,000 Cash invested: $30,000 Triplex in Fort Meyers Florida!

By sheer force I've learned the hard way where you can, cannot and should consider purchasing a permittable vacation rental on the Oregon Coast. 

@Julie Bourdon investing should be approached logically, not emotionally.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

My guess is that the buyer structured this to where the purchase price will be $87,700 for the property. 

I finally saved up enough capital to purchase a decent town home or condo in Las Vegas.  

I didn't realize so many various contingencies can be included as part of a house purchase, Geeeezzz!