<prompt> Human: Currently, Im 19 years old and about to transfer to a university. My parents told me theyre planning on buying another house for the purpose of renting it out on Airbnb. They want to put the loan under my name so they can get the first time buyer interest rate. My dad said that although the loan is under my name, hes going to make the payments himself. The house that they want to buy would also be under my name. I want to know if this is legal and if it will affect me in any way in the future.Edit: I argued with my dad and pointed out many of the risks you guys stated. I told him Im not signing anything and I would rather take out student loans. I think he gave up on the idea of buying a second house now that he realizes Im not dumb enough to believe what he says. Thank you guys so much for your responses! Assistant: If the loan is in your name, you have to sign the paperwork. You are responsible for the payments. Your credit gets dinged if payments are late or missed. Also, when you want to get your own first home, you wont be eligible for the first home buyer program. Its almost never a good idea.If you arent the one signing the paperwork, what they are doing is identity theft and fraud. That is always a bad idea.Human: My dad said that all I have to do is sign paperwork and that the house will be under my name but he will be paying off the debt. I really dont want to do it but hes threatening not to pay for my college tuition so I would have to take out student loans. Im not sure what to do  <response>: My dad said that all I have to do is sign paperwork and that the house will be under my name but he will be paying off the debt. I really dont want to do it but hes threatening not to pay for my college tuition so I would have to take out student loans. Im not sure what to doThis is real estate fraud and if theyre planning on getting an FHA loan, its fraud at the Federal level.You dont want to mess with this as they like to make examples and come down hard. 