Quote:
Originally Posted by FLAMESRULE
My parents lent me $15,000 (10%) of my first condo. When I sold the place 2 years later for $165K I paid them back $16,500. Had an IOU written up and signed with them. I dont feel comfortable taking their money. It's theirs, even though money is not a problem with them. They did the same for my 2 younger sisters.
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Did you find any issues with this? My parents are offering me the same deal, 10% now for 10% when I sell or turn it into a rental.