In addition, I live with my parents so even househacking will still cost me over $400 a month, which is what I pay to stay with my parents. 

In addition, I live with my parents so even househacking will still cost me over $400 a month, which is what I pay to stay with my parents.

Hi BP,Im trying to figure out if I should look into using a HELOC on my parents home to buy a rental property in cash.

My parents struggled really hard (and still do) financially so my sister and I are trying to really break out of that mold as adults. 

My parents are currently living in Germany but want to buy a property in the Panama City, Florida.

I financed half and half of the downpayment with my parents.

I am currently paying off my last bit of debt I owe to my parents, and plan to be debt free before I turn 20 at the end of August.I am definitely going to start reading some of these books to get in the fast lane.

Or rent for less long term.IF I can make this Lake Front property a successful 30 day furnished rental, it will allow help pay for my parents care in assisted living, and reduce the draw down on their savings (and preserve my inheritance). 

My sister had my parents' house passed down to her in a quick claim deed, which is also fully paid off Zestimate ~$420K, but she does have some "good debt", roof/windows for house $50K and car payments for her car and my mother's $25K= total debt $75K.

I have property at the edge of Lehigh U that I thought would be for students when I first started out there. i quickly realized that student housing, especially in the smaller school, is a totally different business with different expectations and requirements, not to mention yearly turnover and parent involvement.