There is no transfer tax, but you will have an attorney fee for a new warranty deed and the recording fees if they deed a portion of the property to you after closing.
If they purchase and want you as a borrower, that will be a discussion that you will need to have with the lender.
As for the income tax implications, you should consult with your CPA.
What area are they looking to buy in? I do have a great lender that I can refer you to so you can start running purchase scenarios.
Please call or email me.
Goldwasser Real Estate
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
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