How to Buy Your Parents' House (No Cash Needed)

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Stop saving for a down payment if you are buying house from parents! ???? In this video, we explain exactly how does a gift of equity work so you can potentially close on a home with $0 cash out of pocket. If you are looking into buying a home from a relative, the "Family Bank" strategy might be the financial loophole you have been waiting for.

Most people think you need 20% down to buy mom and dad’s house, but that is not true. We break down the process of using gift of equity for down payment costs, effectively replacing cash with the equity your family already built. This is the ultimate guide for anyone asking, "can I buy my parents house with no money down?" (The answer is yes, if you follow the rules).

We also cover the critical details for parents who are selling house to child below market value, including the specific FHA gift of equity guidelines you must follow to get the loan approved. Plus, we discuss why you need to be careful about gift of equity tax implications before signing any paperwork.

In this video, you will learn:
✅ The step-by-step process of buying home from family member without a cash down payment.
✅ how does a gift of equity work for both FHA and Conventional loans.
✅ The "45-Day Rule" you must know when buying a home from a relative.
✅ How to structure the deal when using gift of equity for down payment and closing costs.
✅ Real-life examples of selling house to child below market value to keep wealth in the family.

Don't let a lack of savings stop you from owning a home. Watch now to master the gift of equity strategy!

#giftofequity #realestatetips #buyfromparents

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Additional Resources:
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Jose Luiz Morales
CalBRE #: 01891119
601 Daily Dr. Ste 102,
Camarillo, CA 93010
805.228.4672
joseluiz@moralesregroup.com

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