Nov 19, 2015
Golden Gate’s Ageno School Professor Offers Advice to First Time Home Buyers
Mary Canning, dean emeritus of Golden Gate University’s School of Taxation and Accounting, was recently interviewed for a Wall Street Journal article that offered advice to first time home buyers who are considering having their parents co-sign on a mortgage.
An additional option noted in the article is that of an investment-property mortgage, in which, for example, parents can buy a multi-family residence and rent one unit to a child while generating income from renting the other units in order to cover mortgage payments.
