Did you get parental help to buy any houses you own?

[Anonymous]

Did you get parental support (trust fund or DP help)?
How much is your current home/s worth?

[Anonymous]

Anonymous wrote:Did you get parental support (trust fund or DP help)?
How much is your current home/s worth?

No help,
2.2m value, 1m mortgage. (2 homes)

[Anonymous]

In-laws gave us 10k when we purchased home in 2000 for $167k. House is now worth maybe 750k, after we expanded/remodeled.

[Anonymous]

Lol. No.

[Anonymous]

Anonymous wrote:Did you get parental support (trust fund or DP help)?
How much is your current home/s worth?

HAHAHA. No.

[Anonymous]

Small gift of $1 million towards our $1.6 million starter home

[Anonymous]

Yes. Does a loan count? 1.8 M home, we have a loan of 800,000 at 2% to pay off to DH’s parents. They already told us it will just be forgiven when they pass if we are still paying it off. It very nice not to deal with a bank.

[Anonymous]

$60K total. House is currently worth $500K

[Anonymous]

I don’t understand those who are just getting 1 million dollars towards a house. There are tax implications.

[Anonymous]

My dad had passed away several years earlier, so we used a portion of my inheritance for the down payment.

Bought it for 750k in 2017, worth about 950k now.

[Anonymous]

Anonymous wrote:Yes. Does a loan count? 1.8 M home, we have a loan of 800,000 at 2% to pay off to DH’s parents. They already told us it will just be forgiven when they pass if we are still paying it off. It very nice not to deal with a bank.

how much did you pay for the house? did you put any money in?
They gave you a $800k loan and no DP and it’s appreciated to 1.8m?

[Anonymous]

Anonymous wrote:Yes. Does a loan count? 1.8 M home, we have a loan of 800,000 at 2% to pay off to DH’s parents. They already told us it will just be forgiven when they pass if we are still paying it off. It very nice not to deal with a bank.

Of course it counts…you think any bank is lending you $800k at 2%?

[Anonymous]

Not directly, however, my parents when they were living typically gave us an annual gift between $15k and $30k. We used portions of those gifts eventually for a down payment. We are 50 and have a paid off townhouse worth $750k.

[Anonymous]

No. I bought a condo at 25 when I made $28k as a fed employee. Sold it with a $17k profit 6 years later, used that along with the same from spouse [also sold a condo that was bought in mid-20s] for our current home, which we bought at $330k 25 years ago, which is now worth $1.2 million now.

Not sure where we'll move next, kids out of the house but not yet settled.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes. Does a loan count? 1.8 M home, we have a loan of 800,000 at 2% to pay off to DH’s parents. They already told us it will just be forgiven when they pass if we are still paying it off. It very nice not to deal with a bank.

how much did you pay for the house? did you put any money in?
They gave you a $800k loan and no DP and it’s appreciated to 1.8m?

Yes should have included that is what we bought the house for. We put down 1 million, they loaned us the $800000 remainder.