<prompt> Human: Like the title says, my mom is going to buy a house in LA for about 600k for the purposes of renting it out to others as her primary income once she retires. She wants to put the house under my name through an LLC that is also under my name. Shes going to be buying the house in full and Im not signing anything for a loan or mortgage or anything. I made sure of that.What do I need to know before doing this? She said shes going to take care of anything like property tax and any expenses, etc. She wants the house under my name since she wants me to have it in the future once she doesnt need the money. Im super unfamiliar with LLCs and all this. Is this a good idea for me? What should I be aware of? Do I need to do anything regarding taxes?Edit:Based on all the comments, Im going to try to push my mom into a different route. Thanks!  <response>: She wants to put the house under my name through an LLC that is also under my name.Im not signing anything for a loan or mortgage or anything. Thats not how this works.This would be your debt. If this wasnt going to be your debt, your mother would get it under her own name.This is a disaster waiting to happen. Speak to a lawyer before even thinking about going further so they can explain to you exactly what your mother intends to do and how much it will harm you. 