Description
Nowadays, it is very hard to have your own home, especially if you are just starting up with your career. So how do millennial’s cope with this?
A little help from their established parents can make their life easier. Financial assistance or a cash gift from parents can help the children start their life.
As a parent, your concern and love will never go away on how or what will happen to your children in the future.
This is especially true if you have an only child. To help your children to own their own home is a gift and blessing.
So how can you assist your children’s needs?
There are a lot of ways to help your children stand on their own. One of them is to purchase a home under the parents name and let your children have it or let them pay you the monthly rent. This way you will be assured that you have provided a strong foundation for the future of your children.
There are other possibilities:
Another way to help your children is by introducing them to the Rent To Own Program.
So how does rent to own a home program work? How can a rent to own program help you and your children? If you never heard of a Rent To Own Home Program. Let us, the Home Buyers Inventory introduce you to our Rent To Own Program.
Click this link and learn more about our program. You can also browse our site to get more ideas about our company and how we can help you and your children to help them own their home in as easy as 5 steps.
The Rewards of Helping Out
The advantages of buying a home for a child or providing financial assistance to acquire it are many. It can give the child the tax benefits of homeownership and help him or her build a good credit history.The purchase may be a smart move financially if the parents’ assets are structured properly to not trigger estate taxes or inheritance taxes. Purchasing a home now, now could diminish the tax burden in the future.
Also, the property is an investment that might ultimately help the parent break even or turn a profit, with the expenses along the way being tax-deductible.
Nothing in this article is professional advice. You should consult a professional CPA, Accountant or Estate Attorney. This article is for informational purposes only.
Is Rent to Own Legitimate?
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