While its possible she has the financial understanding to properly evaluate this investment choice, its unlikely.

I would argue those people maybe shouldn't have bought and maybe they would not have even qualified for a fixed so the "choice" was moot.I shudder to think of the billions (maybe trillions) that Americans have spent in interest on their fixed mortgages over the past 30 years because they felt like fixed was what they were supposed to do.

I think I would have to file a Foreign Corporation, which would only add to the paperwork and don't know the tax ramifications.Admittedly these questions are more suitable for a RE attorney or CPA, but before I start paying billable hours, I want to get smarter on the topic in general so I know which questions to ask and have a hierarchy of choices in mind.

Not that it matters either way since I need to sign up with one of them, but it'd be nice to know I'm making the right choice.

It's his choice, not yours.

They can also be unwound in a tidy manner if they make poor lending choices.

The choice is yours.

If you are involved in a business where you can profit even when the client doesn't, that's your choice, but that's not a choice I would make.

Sometimes circumstances put you in that position, but given a choice, I'd avoid it.Also consider that when you own you have a number of expense you don't when you're a tenant.

Originally posted by "baltimore721":I will be moving out in a year though, and renting to college students so we'll see how wise my carpet idea was.Spending $2.30 on carpeting for college students will turn out to be a very poor choice.