<prompt> Human: I am the only child and quite close with my parents. theyve already taken out loans in their name and paying off their dept and asked if after i graduate and get a job they can take another loan out in my name to purchase an investment property. I know i will have to pay for it all eventually but they still work, they are high income earners and they are going to give me their investment property once they pass on. We are asian if that makes a difference culturally. Is it a smart idea or not really? i wasnt taught anything in regards to loans so id like to know the pros and cons if any, thank you.  <response>: Do not ever let someone take a loan out of any kind in your name. Period. 