Buying a home partially using 1031 money from parents

[Mary Chen]

I'm just not sure what's the best way to do this. So looking for any clever strategies. My parents have an investment home in a different state that they're just been looking to get out of because it's no longer easy to travel. They've been thinking about buying a home in our neighborhood but the housing pricing these days indicate that selling value (e.g. $600k) is just not enough to cover the cost of the new home ($900k) and they no longer can qualify for loan. Is it possible for me (the child) to put my name on the loan? And to add complexity, I also have a home (that I bought 5 years ago). I know I can afford the second loan, but It would be nice if we could eventually make this new home a home I could live with my parents because it is larger but just not sure if it's even possible. Any thoughts?