<prompt> Human: I 23M am graduating from university in May. I have accepted a job that starts in June at 64kyr but for this tax year I have no income at all. Student debt wise, I owe 19k in subsidized loans.I am quite financially illiterate so I was hoping to get some insight from you guys about a proposition my uncle made to me. My uncle makes a lot of housing investments. He buys houses at a low price? around 150k, renovates and leases them out. Through his guidance, my parents have started doing the same thing and they currently have 2 investment properties. Just earlier today, my uncle sat down with me and asked me to take ownership of the 2 properties and if it would be possible for my parents to continue purchasing more properties under my name. His reason? For them to have an easier time in retirement again, I am not financially literate so I dont know how so. My problem with this is how little I know about how this would affect me and my parents. These changes would have to be made in April before I even start my job. Is this a good idea for someone who currently has absolutely no income at all? Another major problem that makes me uncomfortable with this is our language barrier. I am Chinese but was born and raised in the US so my expertise in the language is minimal. I can probably converse at the fluency of a second grader in Chinese and my parents English is not much better. I cant bring myself to make a decision like this without even being able to properly discuss what this all means. However, it is also difficult for me to reject this if it really would help my parents out. They have paid for everything in my life so far and are amazing to me. I was hoping to get some answers or speculations from you guys What questions should I have answered to have a better understanding of the situation? In a perfect situation, where no one is trying to scam? me what could be the purpose of the arrangement Would it be beneficial for to get professional help to understand the situation? If so, how do I get professional help and in what form?Thanks a lot for the help guys. I didnt even know where to start with researching. Also, I forgot to mention that my parents would pay the increase of taxes I would have from adding the properties to my name.  <response>: They cant qualify for any more loans and want you to do it for them. There are no positives to this arrangement and your credit will be hosed if anything goes wrong and you wont be able to get any loans, a house, a car, a credit card if things go badly. 