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Advice buying a home for parent

I currently pay for my Dad’s rent but I’m considering buying a house/condo for him. He currently lives in a lcol northeastern state, and Im looking to buy in the same area (exact state still TBD). I live near NYC and pay a mortgage on my condo.

My question is, would it be financially better to buy a home for him under his name (so he can claim primary residence) or I should buy it as an investment property (but I would be paying the mortgage…) and he lives in it? As an investment property, I believe I could deduct something too?

What are other considerations I should take into account as I look into this decision?

submitted by /u/_maicha
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source https://www.reddit.com/r/RealEstate/comments/14n4256/advice_buying_a_home_for_parent/
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