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Updated almost 4 years ago on . Most recent reply

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Conrad Gilman
  • Member since Mar 5, 2021
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Conrad Gilman's profile image
Conrad Gilman's profile image
Conrad Gilman
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Conrad Gilman
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Buying & Selling Real Estate

Buying Home From Family

Conrad Gilman
Posted

I am buying home from wife's grandmother in Maine. It apraised for $411,000 she is asking $375,000. She wants to seller finance us but the IRS still makes her charge 2% for a 20yr loan. Are there any workarounds? Could we take the interest off the base so it equals Base+Interest=$375,000?

I would love to get some opinions. Thanks in advance

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