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<blockquote data-quote="newstart" data-source="post: 755182" data-attributes="member: 22416"><p>MissLuLu, We came up with a plan similar to yours. We put a huge down payment on a house so the monthly rent would not be so hard for my 37 year old daughter. We bought the home when my daughter was 26. You have to have nerves of steel to rent a home to a wayward adult child. We bought a very nice three bedroom 2.5 bath home in a great neighborhood with wonderful security. When my daughter would mess up and we threaten to evict her she would look for places to rent and in reality could not come up with anything as nice as she has and for such a good price. When my daughter goes off the rails she goes way off the rails..She does get room mates from time to time. My daughter's boyfriend lives with her now and they have been ok with making the rent. Sometimes they are a week late but seem to cough up the money since they know we are not joking about eviction. I sleep better knowing she is in a good place, she is close enough that we can have a meal or two together. She is renting to buy, knowing the money is going into her owning the home someday. I really like her home, lots of arches, open concept, small yard, nice neighbors that look out for each other. My daughter has lived in the house 12 years. </p><p></p><p>It has not been easy, it has been trying and rewarding, you have to have patience..Good luck and I pray it works out for you.</p></blockquote><p></p>
[QUOTE="newstart, post: 755182, member: 22416"] MissLuLu, We came up with a plan similar to yours. We put a huge down payment on a house so the monthly rent would not be so hard for my 37 year old daughter. We bought the home when my daughter was 26. You have to have nerves of steel to rent a home to a wayward adult child. We bought a very nice three bedroom 2.5 bath home in a great neighborhood with wonderful security. When my daughter would mess up and we threaten to evict her she would look for places to rent and in reality could not come up with anything as nice as she has and for such a good price. When my daughter goes off the rails she goes way off the rails..She does get room mates from time to time. My daughter's boyfriend lives with her now and they have been ok with making the rent. Sometimes they are a week late but seem to cough up the money since they know we are not joking about eviction. I sleep better knowing she is in a good place, she is close enough that we can have a meal or two together. She is renting to buy, knowing the money is going into her owning the home someday. I really like her home, lots of arches, open concept, small yard, nice neighbors that look out for each other. My daughter has lived in the house 12 years. It has not been easy, it has been trying and rewarding, you have to have patience..Good luck and I pray it works out for you. [/QUOTE]
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