How to Get Rich Buying Real Estate from Your Parents
You Can... Buy a Partial Interest in Property Instead of a More Expensive Full Interest. Buy Without a Loan from a Bank. Design Your Own Loan with Low Payments. Buy with Poor Credit or No Credit. Buy with No Money Down. Deduct Mortgage Interest and Property Taxes.
If your parents or other owners are struggling or unable to make their mortgage payments, they may be able to sell a partial interest in their real estate to you and provide seller financing for your purchase. You will get an interest in their property and all of the benefits of homeownership, while they will receive mortgage payments from you that will effectively reduce their mortgage payments to their bank.