My Son Blew $620,000 and Showed Up With Suitcases Expecting My House—One Slap Changed Everything

them the money.

“This should be structured as a loan rather than a gift,” he’d said. “It protects your interests.”

The note was clear: forty thousand dollars to be repaid at five percent annual interest, with payments beginning one year after purchase. The loan was secured by the property itself, meaning I had a legal interest in the house.

But they’d continue reading …