<prompt> Human: I graduated college a year ago and am making about 70kyear. 6k in 401k 2k emergency fund 20k student loans - most of my extra cash gets dumped into these loans. 770 credit scoreMy main question is, is it feasible for me to buy my mom an apartment with my financials? She is 50 years old and is currently paying 800 for a studio.. I am looking at an area that has condos from 60k-80k. 11. Would this be a smart move? I know she would be able to pay the mortgage on it instead of throwing 800 in rent.. Im viewing it as a win-win because ill have an asset in my name and when its payed off that will be a huge stress-reliever for me years down the road without worrying where shell live.. Are there mortgages for that amount? Or does it have to be cash?Also, how would this change my tax situation?  <response>: 1. She will still be able to collect SS, so she wont be totally dependent on you. There are also other benefits for retirees to help with food and medical expenses so shes not totally without a safety net.2. She is only 50 and has at least one if not both kids off the payroll and on their own, she should be able to begin contributing something to her 401k now and realistically probably still has 12-15 good working years left. Condo isnt a totally bad idea though, because once that is paid off she would only be responsible for monthlyannual fees 