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Updated almost 7 years ago,
Would this benefit my parents and I?
My parents have a rental property that they are trying to sell in Pennsylvania. They currently live in Idaho, but are going to be moving in a year or two to Arkansas or Missouri to find a place to retire.
I currently live in Kansas City and I am trying to start my portfolio, but I just graduated from college and I am trying to pay off my student loans.
Would it be smart for my parents to invest in a house in Kansas City when they sell their current house (in Pennsylvania) to avoid taxes and then sell it to me when they are ready to move into a house they would like to retire at?