My wife and I are looking into buying a rental home for passive income, but we don’t have the money for a 20% down payment. My mother has offered 125k of her home equity to buy a house with cash and we pay back the loan. The credit union we have dealt with for decades won’t give her the loan due to her low income(retired) unless my name is on the deed to the house. I watched one of your past videos saying don’t do that bc it’s a tax nightmare. Any advice would be appreciated, thanks
Answered on today’s show at the Directed IRA Podcast. 3/8/23. Please check it out there. Thank you so much! Mark and Mat.