Good idea to borrow money from parents for rental home?

Hi,

I am 25 year old living in Columbus Ohio.

I am currently working at a fast food joint (Wendys) and bringing in 20k per year.

I am interested in buying a home for passive income after researching online.

I dont have any money to put for downpayment.I have about 800$ saved.

My parents are retired and can borrow against their 401k.How do I bring up the topic of lending me money?

Has anyone else done it here?

submitted by /u/bullsrfuk69
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Hi, I am 25 year old living in Columbus Ohio. I am currently working at a fast food joint (Wendys) and bringing in 20k per year. I am interested in buying a home for passive income after researching online. I dont have any money to put for downpayment.I have about 800$ saved. My parents are retired and can borrow against their 401k.How do I bring up the topic of lending me money? Has anyone else done it here? submitted by /u/bullsrfuk69 [link] [comments]

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