Acquiring property from your parents can be a wonderful opportunity, and there are a few paths you might consider exploring.First, you could discuss the possibility of a gift of equity, where your mother gives you the condo as a gift, potentially allowing you to avoid some costs involved in a traditional purchase.

The counterargument to the timeshare analogy is that you own actual equity that appreciates.So it’s the child of the unholy union of timeshare and condo.

The only other tact I would take if I had say $5mm or more and the child was young would be an Insurance Annuity product spread over 100 years subject to death.  

We’re a home ar Chuitecture firm in LA County in Hawthorne and considering splitting our primary residence lot and building a larger stand alone home for office/ home use / Elderly parent use in the short term and potential rental conversión or sale long term.

I think I will long-term rent them most likely as we are nurses and see ourselves taking care of our parents later in life, so ideally we would like to keep the homes.

Also USAA if you, your parents or your grandparents served in the military. 

Lastly, while preparing to take care of your parents is admirable, you have to decide if this is the best way to provide for them later in their lives.

Hey everyone,My little sister just started as a freshman at KU, and my parents and I are thinking about buying a place in Lawrence, Kansas.

It makes sense in theory, using your parents as owner-occupants first to qualify for better financing then buy them out.

Interestingly growing up my family mostly vacationed in Puerto Rico as my grand parents were living at the their home in Vieques for a majority of the year, in my young childhood they owned a hotel in Lincoln, NH one of the most popular mountain destinations in New England.