Re: House we want

[robert <http://dummy.us.eu.org/robert>]

For your edification, you can read through
http://www.nolo.com/legal-encyclopedia/promissory-notes-personal-loans-family-30118-2.html .
You can buy the template for a promissory note from Nolo Press as well.

 > From: robert <http://dummy.us.eu.org/robert>
 > Date: Tue, 14 Mar 2017 21:20:45 -0700
 >
 >  > 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.