The question of how parents can help their kids with their first home purchase comes up frequently. According to JVM Lending there are seven approaches:
1) Gift of Funds.
2) Loans.
3) Co-Signing.
4) Second Home.
5) Kiddie Condo.
6) Investment Property.
7) Equity Share.
Each of these approaches has potential pitfalls and consequences you need to be aware of before proceeding. As always, consult your tax and real estate professionals.
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