<prompt> Human: I recently moved to a major US city with my wife into my families house temporally until we get settled in and find a place to live. Our family has been very supportive and doesnt mind is staying with them for a year which its already been several months in order to save up money. My wife cant legally work yet but I have a good job thats 95k with a 10 bonus and we both combined have about 75k cash, but should have at least 80-85k by the end of the year. My family has offered to go in on a partnership buying a home with my wife and I and I wanted to get rpersonal finances take in this to see if theres anything to be worried about. Were looking to take a 250k mortgage out for ourselves and go 5050 on something thats 500k. Both my families name and our names would be on the home and if we sold the place down the road we split the funds up evenly. Is there anything wrong about this or red tape that might make this deal bad?  <response>: Uggh, while this may turn out fine, in general I think its a bad idea to mix family and finances this way. It muddies up personal and financial relationships, creates all kinds of situations of misunderstandings and weird dependencies. Its very kind of your family to let you and wife stay with them. But - if possible - try to set boundaries. The family could just loan you 250,000 and then, when and if you sell the home, you pay them back or give 50 of proceeds. Thats a little better and doesnt muck up things by having their name on the deed I would never ever do that. 