By Michele Lerner SPECIAL TO THE WASHINGTON TIMES Shares
Larry Rosenthal, a certified financial planner and president of Financial Planning Services in Manassas, Va., said he has seen some success stories in the past few years but also some disasters when parents have helped their adult children buy a home.
"If the parents want to buy a home, they can rent it to their kids and then give the rent back to them as a credit toward buying it later," Mr. Rosenthal said. "Another option is for the parents to own the house and just charge a lower rent to help the kids. Then, later, the kids can buy it from their parents or the parents can rent to someone else or sell it if the kids don't want it."