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Real Estate
Reply to "Helping adult kid buying first house"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t know the specifics of how this is done but I know a couple people who have been minority owners if their adult kids house (in that case hen the adult child sells the house parent gets 15% of the appreciation or whatever, not in a control what color they paint the powder room way.) [/quote] I have no interest in claiming partial ownership (now or later) of his purchase. That sounds too business like for my liking even though it may make good business sense. [/quote] I think the point is that it not being a gift has tax benefits that are worth it. You can always gift the kid the profit later if you want [/quote]
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