best way to buy my parents a house and they pay ?

Question

How can I help disabled parents out and buy a house that they could pay mortgage payments on or pay payments to me with out having to charge them fair market value or major tax issues for me. There credit isn’t great and they are elderly and on a fixed income, trying to figure out best way for both of us

Amanda Courtney · Accepted Answer

Options include buying it yourself and renting to them, co signing with them, or they purchase with your financial help. Each has tax and lending implications, so talk with a lender and CPA to structure it correctly.

Julianne Clark | Your Lowcountry Compass · Answer

Hi Valerie -- you could purchase and investment property and "rent" to your parents.  If you are financially able -- that might be the simplest route.  Talk to a local lender and your accountant/financial advisor.   Julianne

James J Zito III · Answer

We would love to go over that question in detail. When you have time please contact us www.JamesZito.com Zito Realty LLC

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