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[quote=Anonymous][quote=Anonymous]

Wow.  You hate your parents huh...

OP maybe he just loves his parents and wants them to feel secure.  Maybe this is a way for them to pass some wealth without taxes.  If they are putting up the down payment and paying the mortgage thru the rent, then until/ if something goes wrong you have to take over.  Yes, there will be taxes but you could draw up an agreement to be gifted annually the extra amount.  Although you will have the extra mortage on your credit, if it's paid in time and your debt load is low hiw us that a negative?  They aren't starting out with NOTHING down, you should be able to sell if you need to.

This is family.  You have two kids with this man, unless there are other serious issues, it doesn't sound like you are headed to divorce.  You knew he's in dreamland but you let him manage your investments?  Maybe this isn't as bad as your emotions have lead you to believe.[/quote]

Oh come on.  Maybe it's not that bad a deal on the face of it, if they structure it right.  But that is beside the point.  The problem is that it's a bigger property than they're going to be able to manage on their own.  OP and her DH will be constantly having to help them.  And it's unclear whether they can afford the maintenance either.  And what if one of them gets sick and they need to spend their nest egg on long-term care?  The only way OP can sell the house is if she gets her in-laws out of it, which is very difficult to do.  It's going to end up with one of them in long-term care, the other one clinging to the house, and OP and her DH getting no rent, paying everything, and going down there to help them constantly as well.  [/quote]

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