The long and the short of it is YES you can. You need to hook up with a lender first and foremost and he/she can tell you the ramifications on your taxes and about the different types of loans. I suggest you call Serena Greening, Certified Mortgage Planner, @ Guarantee Mortgage, 636 Fourth Street, SF 94107. 415-694-5556 or 415-819-2605.
After you talk to her or some other lender, then you should hook up with a realtor to assist you with your search. I would be delighted to work with you and so would a zillion other realtors. Please contact me or one of them to help you find the right property and close the deal!
TRI Coldwell Banker, SF's #1 Office
You can definitely buy for your daughter to live, the question is what's the best way to do it. I'll need to check current guidelines to make sure as it's been a few months since we did a deal like this, but we did several such deals earlier this year. In once case where the daughter couldn't be on the loan they parents put her on title after close of escrow. Otherwise it will probably be looked at from a lender perspective as an investment property and those rates are higher. I would talk with a few lenders before making any decisions, and we'll be happy to give you some lender/mortgage broker referrals and/or provide expert no-strings advice on your purchase.
Lance King/Managing Broker
You can email me at firstname.lastname@example.org. We are the largest independent mortgage broker in San Francisco and we have more products available to us than any other office, so I am sure we can get you the best rates too. 415-345-4347.
You should be able to do that. However, if you currently own a home, your financing will be as if you are purchasing an income property or vacation home. Again, as stated below, you should contact either legal or tax advisor for that. You should definately speak with a mortgage consultant first to find out what interest rates are for your particular situation. Regarding how you or your daughter will hold ownership, again, is a question to be answered depending on your particular situation. Definately retain some legal advise, which, we as Realtors, should not be giving. Your daughter is very fortunate, good luck.