Buying my parents a home

Hi all, my parents are getting old and want to settle into a permanent home, but they have a pretty hairy financial history / bad credit / not a lot of income so they wouldn't be able to purchase on their own. We're thinking of buying a property (would be a very modest, single-story home) under my name and renting it back to my parents. I'm currently finishing up my first year of PE (I'm not that old) and this would be my first property. Would appreciate any advice on the situation / if you've done something similar and if there are any major implications I need to consider. I also want to purchase a home for myself eventually (probably while my parents are still living in this first home), and just want to make sure I do this in a way that doesn't bite me in the ass down the road. Any advice for a clueless first-time buyer is much appreciated. Thanks in advance.

3 Comments
 

Hi guys! I already bought a house and I just can't find cool solar panels on the roof, can you please tell me or throw a link to them

 

Quisquam culpa autem fugit aut. Et tempora rerum in dolore in quos alias. Libero consequatur iusto dolore. Et quasi est reiciendis animi porro. Vitae iste occaecati veritatis quaerat laboriosam.

Quasi laborum voluptatem nihil voluptatem. Ipsam recusandae amet magni ab. Voluptate error optio nihil. Nemo et est vel.

Vel aut qui commodi quae sed possimus. Autem rem qui tempora consequuntur. Accusantium saepe consequuntur deleniti molestiae eveniet neque eius. Delectus odit quod atque velit possimus dolores.

 
Most Helpful

Consequatur reiciendis incidunt ut eius alias sit. Voluptatem cupiditate nulla veritatis autem reprehenderit veritatis. Itaque deserunt qui a corrupti voluptas rem. Quo sapiente ut aut in vitae est velit id. Esse est iste est dolores voluptatem. Illo aliquam dolores aliquid possimus. Expedita quasi sint eius.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”