Quote:
Originally Posted by ScrimpAndSave
I guess I should buy a different house..and only put 5%-10% down...because that is all I will be able to afford.
|
I know you may feel like we're beating you up on this, but I don't think that is anyone's point. Certainly, the plan you and your father have might work out perfectly well. Some of us were just trying to point out possible faults or loopholes that could possibly pose a problem down the line.
If everyone is in agreement and satisfied with the terms of the deal and your father feels he has sufficient funds to live on, then it isn't up to any of us to say not to do it and I wouldn't trash the plan solely because of what a bunch of strangers on an internet chat board said. Go ahead and meet with the estate attorney and see what he/she says and recommends.
__________________
Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.