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Buying a home partially using 1031 money from parents
I'm just not sure what's the best way to do this. So looking for any clever strategies. My parents have an investment home in a different state that they're just been looking to get out of because it's no longer easy to travel. They've been thinking about buying a home in our neighborhood but the housing pricing these days indicate that selling value (e.g. $600k) is just not enough to cover the cost of the new home ($900k) and they no longer can qualify for loan. Is it possible for me (the child) to put my name on the loan? And to add complexity, I also have a home (that I bought 5 years ago). I know I can afford the second loan, but It would be nice if we could eventually make this new home a home I could live with my parents because it is larger but just not sure if it's even possible. Any thoughts?