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Updated over 7 years ago,
100% Cash for Property Best way to structure deal paying Taxes
I'm working on getting a property under contract and have a investor (my dad) putting up the cash to fund the deal. We are having trouble figuring out how to structure the agreement between me and my dad.
- Put the name in both of our names and i pay him back?
- Put it in his name and i buy it land contract and pay interest?
- Any other options/ideas??
The house is 60k not sure what would be the best way to structure the deal to work best for both of us during tax season.
Any advice would help..
Thanks,
Kyle