Hello, I bought my home in 2020 from my mother who used something called a gift back option so I didn’t have to pay a down payment. I took the house because the offer was too good to pass on. My brother is divorcing and looking to buy. I want to sell him my home and find a different one. Can I do the same thing my mom did and he won’t have a down payment? Also what will that look like for me when buying my next home? Do I need a down payment or will it be taken from the sale of my current home? I want to help my brother out but it needs to make sense for me.
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source https://www.reddit.com/r/RealEstate/comments/1tkq2f6/can_i_sell_my_home_to_my_brother_with_a_gift_back/
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