The devil is in the details.   

What are you estimating the value, $450k? 

Sounds like he will be the "GP" and you as parents will be the "LP".

On the flip side, I am in the process of acquiring over $1.5M in defaulted DSCR loans form borrowers who are your age that put 25% down but had no money to fix any of the problems  = lost the renters and walked from the property.

Set the terms right and the profit will follow.

I specialize in STR and LTR in the Pocono mountains, and NEPA Area!

Purchase price: $216,500 Cash invested: $12,750 single family home, purchased w/ the intent of $50-$100 cashflow monthly.

Between the time associated with making the investment, tied up capital and associated stress involved, even if the investment breaks even or produces a small gain most would look back and wish the money sat in their account until a better opportunity presented itself.

Here is the link:https://docs.google.com/spreadsheets/d/1phAGZjC6Q8icthtcV-17nN-nla0TsGtyRJghxpdc6jQ/copyThanks!

You could also explore HELOANs instead of HELOCs or consider a second mortgage option if refinancing isn’t ideal.If you need lender recommendations or help finding the best option, DM me and I’ll point you in the right direction!