Return on principal is not taxedSo when you give him $50k no one pays taxes as it’s a loan not a gift.

Depending on what your purchase costs and total profit I would maybe kick them a nice gift, rather that be $500 or a nice bottle of wine.

If your father and aunt are still alive, they are gifting this to you, which may be a taxable event, so consult a tax professional.

😃One of my gifts is the ability to connect things together and make it happen, and In in this business works perfectly.

@Simon S MarthinsenIt will likely be considered one of two thingsA loan from the father to the both of youA gift from the father to the both of youBoth have unique tax considersations

We're giving away a few gift cards for the winners of SurvivorOpoly, a Black Diamond original, so come and play and network with us.It's on the week normally reserved for our Worcester Ma meetings, but Worcester meetings resume in January.Hope to see you tomorrow, drive carefully!

so from a little research I found that each year you can gift up to 15k without being taxed.

Some things that come to mind are adaptations to some things buyers might do in a competitive bidding environment: Submit a letter of explanation to the buyer's agent explaining how you love the house and will find the perfect tenants/next owners/etc.Be the first and best offerPresent a no-strings-attached gift with the offerI'm curious to hear other suggestions.  

Gift Cards at Holliday season if they have behaved all year.

Did he sell it, gift it, loan it, lease it, or let them live with him?