leoprop replied to the topic Building on a parents land in the forum Help Needed! 14 years, 11 months ago
christianb wrote:
Hi Leo,Pretty much any arrangement can be bound contractually. In your case it may be worthwhile to consider becoming tennants in common on title. This protects the interests of your mother and your own interests if you are either tipping in cash or asking the bank to do so on your behalf. Later, if the property is sold in…[Read more]leoprop replied to the topic Building on a parents land in the forum Help Needed! 14 years, 11 months ago
yes, but with income from 3-4 townhouses covering Nursing home costs in addition to borrowing costs should be OK.