Legal Question in Real Estate Law in Virginia
We live in Virginia and are trying to help our daughter buy a condo. Have the real estate laws changed so that we now can't get a load so the 3 of us could be on the mortgage? Would it have to be considered an investment since we all wouldn't live there, only our daughter?
Asked on 2/06/11, 5:45 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Yes, it would apparently have to be considered an investment property for tax purposes for you and your spouse.
Answered on 5/03/11, 8:24 pm
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