<prompt> Human: My grandmother owns a condo, which my parents are living in. My grandmother wants to sell the condo, but keep it in the family. My father wants me to buy it, as to avoid any potential arguments between him and his siblings why do YOU get to have moms condo and not ME? Sort of thing.He said if I get approved for a loan, him and my mother will pay the down payment, as well as the monthly mortgage until they decide to move out. So pretty much, I will not be paying any of MY money for anything, the condo will just be in my name. Once they move out, my dad said I can either:1. Take over paying the mortgage in which case I will either move in or start renting it outor2. Sell the condoMy questions:1. Should I do it? It seems like a good opportunity to build my credit.2. Are there any other detailsquestions that I should be asking my parents about before I commit to this?3. General pros and cons of going through with the deal vs not doing it?I am 24 years old, recent college graduate, making a little over 40K a year not sure if this matters since I wont be paying anything but just putting it out there. The condo is located in Fairfax VA.Any advice is appreciated. Thanks!Edit: I completely trust my parents to make payments in full and not do anything shady they are the salt of the earth. One is a doctor and the other is a lawyer so they make more than enough money to not worry about this.UPDATE: Assistant: 1. Should I do it? It seems like a good opportunity to build my credit.No. If youre still in the phase where you need to be building credit, you should not be taking out a mortgage . A mortgage is not how you build credit, it is what you should build credit for. Also, do not take out a mortgage for someone else. If they want to live in the condo, they should get their own mortgage for it. Since your grandmother is selling it, there shouldnt be any fighting because the person who gets the condo is the one who wants to pay for it. This is also an easy way for your credit to be destroyed if they miss any payments.2. No, because you should just be saying no.3. Pros: NACons: Use up your first-time homebuyers credit Risk ruining your credit if your parents miss a payment Greatly increase your debt to income ratio, making it much harder for you to buy your own house You might not be able to get approved for a mortgage anywayHuman: I dont plan on buying a house in the foreseeable future. And I expect them to move out before then. Also, my parents missing a payment should not be an issue. They are very responsible and well off financially.Assistant: If they are responsible and well of financially why are they wanting you to be the one to purchase the condo?Human: I guess to keep it in the family, but not cause any tension between my dads siblings. They also said I can use it as a rental property to make some money after they move out. Weve only had one conversation about it so I have to talk to them more about it.  <response>: Take a step back and think about what you just said for a moment. How would selling the condo to you and then you letting your parents live there be any less problematic with the siblings than your parents buying it themselves? Something odd is going on and you need to fully understand the situation before you agree to anything. 