A discount could be perceived by the IRS as a taxable gift. 

You will qualify as a first time home buyer and you have lots of options available to you especially if you have family member s that can assist you with gifted funds for your down payment and or closing cost.  

Not sure if your parents can co-sign or gift you a down payment, 3.5% on an FHA for owner occupant.  

If you have access to a family member with the money and willing to gift you money, they can gift you up to 14K without tax consequences. 

I'm vaguely aware that there are circumstances where the IRS will ding someone for the interest rate being so low that it amounts to a gift.

If I buy has her daughter, I will have to pay fair market value to avoid gift taxes (Right?). 

Is it possible to have a property gifted or quit claimed from a family member, appraised and seek out a mortgage towards a portion of the value of the home?

Here is the situation/hypothetical,Lets use the name Bob.  Bob owns a property worth $210,000 and still owes 150,000. Thing is, no one knows that he owes this and it appears he owns it outright.  (personal loan/mortga...

What a great gift you were given with that book, it is one of my favorites!

I was referring to tax planning from the standpoint of once you accumulate a substantial number of assets, you may want to help provide for your children, and in doing so, you could gift LLC membership interests while still maintaining control over said LLC.