Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Properly Establishing an Intrafamily Loan?
Hello! I am doing an intrafamily loan with my father for a home purchase in DC and need to make sure it is viewed as a creditor-debtor relationship to the IRS so he doesn't get a gift/inheritance tax. To my understanding, I need to work with an attorney to get a Promissory Note to line out the terms, as well as a Deed of Trust before settlement (which is in 2 weeks)! I also believe I need to record this with the DC Recorder of Deeds. Does anyone know what other steps I may need to take?