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Automotive Monomaniac
Join Date: May 2002
Location: Los Angeles, CA
Posts: 4,209
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Home Ownership - Equity Share? How?
My wife and I want to help some relatives buy their first home.
We'd like to "invest" in their home purchase, and pull out equity when they sell (in five years or so).
How is this done? Do we pay a percentage of the down? A percentage of the tax? HOA fees? How do we recover our investment?
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2018 - Porsche 911 Carrera 7MT / 2018 - Porsche Macan 7DCT / 1993 - Cadillac Allante / 2023 - RAM TRX (on order)
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