Updated over 4 years ago on . Most recent reply
Cosigning for a mortgage as an investment strategy?
We are interested in investing in a second home that my daughter and her friends will rent back from us for a few years, and that we will eventually either sell or continue to hold as a rental property. However, due to higher interest rates for investment properties, our lender is suggesting that the home be purchased by my daughter, using our income as cosigners. Are there any downsides to using this strategy?