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Re: House we want
- To: http://www.juno.com/~w1few (Richard)
- Subject: Re: House we want
- From: robert <http://dummy.us.eu.org/robert>
- Date: Tue, 14 Mar 2017 21:20:45 -0700
- Cc: http://www.myself.com/~Bhavani (Bhavani), http://www.juno.com/~bhavaniowl (Bhavani), http://www.gmail.com/~bhavaniowl (Bhavani), http://dummy.us.eu.org/noelleg
- Keywords: our-San-Jose-phone-number
> From: Bhavani <http://www.juno.com/~bhavaniowl>
> Date: Sat, 11 Mar 2017 22:14:19 -0700
>
> Yes bigger but costs mucho less than where-I-live... We will keep you posted.
> Trying to get it for $250,000. Our condo was $144,000 when we purchased it.
OK, here's the deal. I have to charge you a 2.03% interest rate on the
loan in order to be on the up-and-up with the feds. (Of course, I'll need
to report the interest payments as interest.)
What's more, according to
http://www.marketwatch.com/story/how-to-lend-money-to-a-relative-without-getting-whacked-by-the-irs-2015-05-12 ,
unless you're not interested (so to speak) in deducting the interest on
your taxes, I'll need to be added to your mortgage loan.
There needs to be a contract in case I am audited. Would you be able to
write up the contract? Monthly payments would be the most convenient for
me.