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re: Tax question on getting money from a family member for a real estate investment
Posted on 7/24/15 at 3:38 pm to barry
Posted on 7/24/15 at 3:38 pm to barry
Look at gift loans. They are loans from related parties that do not charge interest. You can stack them from several different related parties to get quite a bit of capital at virtually no cost.
1
Posted on 7/24/15 at 3:48 pm to Poodlebrain
Poodle knows more than me, but I was going to suggest setting up interest bearing loans, with the interest being "forgiven" be gifts up to the allowable amount. Remember, if a husband and wife gift to another husband and wife, that's 4 times the annual gift limit.
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