I’m buying a house for my daughter. How should I do it? Updated 5:30 AM; Q. I am buying a property that my daughter is going to reside with my two grandchildren. I am paying cash for the house. The house will be in my name, my wife’s name and my daughter’s name. Does this plan make sense? I am purchasing the house with a contract made for me and my wife. We are adding our daughter to the deed. We would gift her half of the house, then gift her cash that she will use to buy the other half of the house.