Buying Your Parents’ House to Fund Their Care: Smart Move or Tax and Medicaid Trap?

by Alex Lange

Thinking of buying your parents' home at market value and renting it back so they have cash for care? Here's how the mortgage...

Categories

Recent Posts

Inheriting a Reverse Mortgage: Should You Pay It Off, Refinance, or Sell?
Inheriting a Reverse Mortgage: Should You Pay It Off, Refinance, or Sell?
In-Law Suite and ADU Financing: HELOC vs. Cash-Out Refinance vs. Construction Loan
In-Law Suite and ADU Financing: HELOC vs. Cash-Out Refinance vs. Construction Loan
Should You Do a Cash-Out Refinance to Pay for a Parent’s Care?
Should You Do a Cash-Out Refinance to Pay for a Parent’s Care?
HECM for Purchase vs. a Bigger Conventional Mortgage: Buying a Multigenerational Home
HECM for Purchase vs. a Bigger Conventional Mortgage: Buying a Multigenerational Home
How to Pay for Aging-in-Place Home Modifications for a Parent
How to Pay for Aging-in-Place Home Modifications for a Parent
Funding a Parent’s Home Modifications: Should You Borrow Against Your Home or Theirs?
Funding a Parent’s Home Modifications: Should You Borrow Against Your Home or Theirs?
Reverse Mortgage and Inheritance: Can You Get Renovation Money Now and Still Keep the House in the Family?
Reverse Mortgage and Inheritance: Can You Get Renovation Money Now and Still Keep the House in the Family?
Does a Reverse Mortgage on Your Parent’s Home Affect Medicaid, SSI, or Your Inheritance?
Does a Reverse Mortgage on Your Parent’s Home Affect Medicaid, SSI, or Your Inheritance?
How a Reverse Mortgage Pays for a Parent’s Home Renovations and In-Home Care
How a Reverse Mortgage Pays for a Parent’s Home Renovations and In-Home Care

Share on Social Media

Stephanie Rhodes
Stephanie Rhodes

State Designated Broker License ID: BK3419257

+1(813) 245-9524 | stephanie@yrealtyinc.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Stephanie Rhodes, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.