Originally Posted by Solid up arrow
they want you to buy a house as an investment so that you will profit from it?
or they want you to buy it as an investment for them and they will profit from it?
either way i would tell them to go pound sand because you dont seem to be knowledgeable about real estate so you have no way of knowing if the house is a good deal. and if they want the profits for themselves then I would change my phone number and never speak to them again.
The house is pretty much a +EV situation since its 100k in a popular location and it is easily rentable for 1000 minimal. Yes, they want the profits for themselves, but that would be the least I could do when they helped me with my college education.
I'm just wondering what are the consequences of owning a house under my name? More taxes? Any advantages? I could leverage up and get another house as long as my cashflow is greatly positive, right?