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Re: House we want



 > 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.




Why do you want this page removed?