This is just a speculation as I do not own a home yet. I would like to buy a home for my mother who is unable to buy for certain reasons but has the means to buy. However, I don’t think I would like to live in this house with her, simply just put my name on it for her to have.
I’m assuming there are some legal issues with this. Is there anyway for me to possibly gift the house to her, or for me to live separately from the house with a lease for an apartment?
I would appreciate any advice on the situation.
Extra info: my mother is diabetic and is 55. I’m not sure but I’m assuming that this affects the mortgage, in case I sign a mortgage for 30 years.
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source https://www.reddit.com/r/RealEstate/comments/e3jqif/what_are_the_chances_of_me_being_able_to_live_in/
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