Help Your Children Buy a Home--and Build Their Future!
PARENTS: THINK BEYOND HELPING WITH A DOWN PAYMENT!
Could You Help Your Adult Child Become a Homeowner AND a Real Estate Investor?
Many parents would love to help their adult children purchase their first home.
But what if that first home could also provide rental income?
Consider the possibility of helping your adult child purchase a duplex, triplex, or fourplex where they could live in one unit and rent out the others.
That could give them an opportunity to:
Become a homeowner
Begin building home equity
Potentially reduce their monthly housing expense through rental income
Gain valuable experience managing rental property
Start building a foundation for long-term financial growth
Depending on the financing program, parents may be able to help through eligible gift funds or by participating as non-occupant co-borrowers.
The requirements differ between conventional and FHA financing, so understanding the options before making a decision is important.
Sometimes helping the next generation means introducing them to opportunities they haven't considered.
Thinking about helping your adult child purchase a home? Let's explore the financing options together and see whether an owner-occupied 2โ4 unit property might make sense for your family.
Learn More: Click Here
Rob Clark | Home Loan Consultant
Firestone Financial Group
209-227-7745 | 559-476-9279
rbrtclark53@gmail.com
www.RobertClarkLoans.com
NMLS #357788 | Company NMLS #301522
CA DRE #01148307 | Equal Housing Lender
Gift funds, non-occupant co-borrowers, borrower contributions, and rental-income eligibility are subject to program-specific restrictions. Owner-occupied 2โ4 unit properties only. All financing is subject to credit approval and lender guidelines. Rental income and investment returns are not guaranteed.
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* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.