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Real Estate
Reply to "Helping adult kid buying first house"
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[quote=Anonymous]kid is thinking about buying his first house. mid 30s, makes about 250k in a high COL area. we set up a brokerage account when he was young and it has about 280k (50k in roth and 230 in regular brokerage account). he is the primary owner of the account (but i still fund/manage). he tells me his max is about 750k. i am wondering how to help him out - 1) cash/gift out of our own accounts (how much)? or 2) cash his brokerage account and fund it using that money (i worry about his tax implications next year). i don't see any other way other than these two. thoughts? [/quote]
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