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Reply to "Did you get parental help to buy any houses you own? "
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[quote=Anonymous][quote=Anonymous]My parents have given me tremendous amounts of help buying real estate. They gave me $10,000 toward an $80,000 down payment on my first condo, and also helped arrange a $30,000 gift from my great-uncle towards that. We sold that condo and bought a house without needing more help, but then they also gave me a $90,000 interest-free three-month loan for a down payment on our current house so we could buy it before selling our previous one. Would have been nearly impossible for me to get into the real estate market or buy this house without their help, and I am aware every day of how generous they were and how privileged I am to be able to get their help.[/quote] Though of course I'm sure someone will soon come along to scoff at me for calling $40,000 in gifts and a $90,000 loan "tremendous" help.[/quote]
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