Hi Guys,I wanted to check in this forum for some ideas for a project that I and my next door neighbor is contemplating.

To add to what @Kevin R. said - be sure to discuss the agreement with your professional insurance provider before you sign - they will have a lot of insight on this type of arrangement. 

I have contemplated doing exactly that but you realize I am retired and lazy. 

This is the deal that has been explained to me let me know if you know anything about this type of deal example Client purchases one promissory note each month at $1000 each for 12 months at the end of 12 months client receives 8% annual  interest if you keep the money in for two years they pay you a 30% bonus The money is never spend it's always just in a holding account you can get it back at any time you want it back How the program worksIn the whole sale commercial banking marketplace, investment bankers offer provide unsecured lines of credit to their best customers who maintain large portfolios of assets. these asset portfolios can include cash, promissory notes, loans and real estate to name a few and can be used to access funds available from such credit lines by special arrangements made with the investment bankers.

The 500k will be repaid with an upfront 80K payment directly to my in-laws and then they will loan us the remaining 420K over 17.5 years at 0% interest.My question is simply is this possible and if so how can we ensure both us and my in-laws pay zero/minimal tax on the arrangement.

We'd been mulling the possibility of some kind of arrangement like this but this property coming onto the market has accelerated our plans.

This way it will give him some time to make other living arrangements.

I bet you could arrange a 50-50 split "marketing fee" on that listing agents 3%, day in and day out on those kind of leads.

LLCs are free to contract around how such disbursements are to be made in the state of Virginia with only a narrow limit on how those buyouts ought to be performed, or even if buyouts are required at all.As for the second question, it depends on the terms of your arrangement with the second LLC and the scope of that business arrangement.

Hello @Shweta Gupta, I work with some local title companies and would be happy to meet up and share their contact information with you - please PM me to arrange a convenient time.