Q: I want to give my 21-year-old daughter the money to buy a condo to live in. Do you think prices will keep rising?

A: I think it is a great idea. It does not matter about “prices rising.” It is a multi-purpose asset.

She will always be able to live there, rent it out for income or grow tomatoes on the balcony. A tenant will pay it off for her, and by the time she is 40 she will have that rental income forever. However, as for you giving her the money … I would do it only by way of a family trust. You make the decisions, but it will be hers at 40 or so. Unfortunately, I have seen a lot of families fall apart over improperly structured real estate deals … or understanding each other’s obligations and rights.