Quote:
Originally Posted by zmyworldz
I read spex's thread, my parents are completely unwilling to do a mortgage because they don't want to pay the interest rates. Without the mortgage rate, the house would be alot more profitable.
I really don't want to go into details about their finances, but lets assume they have enough cash.
To the last, then they want to hide assets, if the need is only your name. That has illegal written all over it. If they want you to put up some cash, then you become a partner. Still the legal issues.
I understand long term leased land, I take it they/you would hold title to the structure, not the underlying land. That in itself is not a deal breaker, regardless of some of the views here.