3 ms·
Yes, this was the general sentiment. There may be loopholes and financial engineering that can be done, but its generally not available to the average joe. I
by than3 3y ago
Yes, this was the general sentiment.
There may be loopholes and financial engineering that can be done, but its generally not available to the average joe.
I looked into this as a possibility not too long ago, and the professionals we spoke with basically said you'd either need them to take care of the taxes or be co-signer.
Co-signer rights effectively negate the point of getting 'your' house, and can lead to a lot of drama.
- singleshot_ 3y agoBest bet is probably to have them own the house and step up in basis when they move on, if you're really worried about taxes.