Asked by oddnyte, • Mon Jul 21, 2014
I was hoping someone can point me in the right direction in this situation. Here it goes, My parents have offered to purchase a home I am interested in in cash (to secure the home quicker & cheaper) and then I would pay them back. My question is what is the beat way to go about financing this after their transaction is complete. At this point I am thinking 30yr fixed mortgage. Can anyone throw some other options my way? I've heard people talk of incorporating the property? Also, would anyone know of the affect this buy/sell transaction will have on our taxes for the year?(maybe a way to handle that better as well?) Any info is greatly appreciated! Thanks!
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