/biz/ - Business & Finance

[Anonymous No.55096622]

>don't own a house yet, me and my wife/kids still rent
>Dad offered to bank roll me to buy a multi family home so we can start to generate extra income and build up equity
Am I retarded for NOT taking this option? Should I get a house first? He said he will take the mortgage out in his name and use my inheritance for down payment so there's really nothing coming out of my end in the immediate sense. Feels weird doing this when I still rent

[Anonymous No.55096727]

>>55096622
I have literally never had my face between the buttcheeks of an attractive woman, and yet you want my advice

[Anonymous No.55096801]

>>55096622
I hope your cringe "family investment property" fails good sir. National capitalism is the way, whereas becoming a scummy landlord is not.

[Anonymous No.55096820]

>>55096801
I have no intention of being a scummy landlord, as I still rent so I know what it's like. I'd be a good one.

[Anonymous No.55097003]

>trick son into becoming a perma-tenant & property manager
>"See this my boy, one day this will all be yours"
>Hits retirement
>Dad takes out second mortgage to go live on cruise ships
>Dies of Viagra overdose banging 20 year old sluts on Spring break
>Bank forecloses on home, no more inheritance, do not pass go, do not collect $200
Can boomers get anymore based?

[Anonymous No.55097045]

>>55096622
If you don't take his offer you will regret it for the rest of your life.

[Anonymous No.55098070]

>>55096622
>offered free money
>should i take it?
I dunno sounds super risky. Id report your dad to the authorities before things really get out of hand.

[Anonymous No.55098102]

>>55096622
What if you lose your job and can't pay the mortgage, though?

[Anonymous No.55099575]

>>55096622
Most landlords are also renters so it's not weird. The only reason to buy a property is to earn income from it. Not live in it.