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Tag Archives: Taxes
How do I protect myself from taxes with a mortgage loan to my children?
Rolleen asked: My daughter and son-in-law and two small children moved to the US from Italy and have been living with my husband and me for the past 7 months. They want to buy a house, have $75,000 in cash … Continue reading
Posted in Renting & Real Estate
Tagged 7 Months, Buy A House, Buy House, Interest Free Loan, Interest Tax, Irs, Italy, Job, Money, Mortgage Loan, Promissory Note, Quicken Software, Second Mortgage, Taxes, Year 6
1 Comment
How to figure home equity value?
camilleyun asked: In August 2005 I purchased a 900 sq ft ranch style home w/finished full basement, attached 1 car garage, nice size lot with fenced in back yard for $44,000. My taxes value the house at $74,500 so I … Continue reading
Posted in Renting & Real Estate
Tagged C Water, Car Garage, Equity Value, Flooring, Furnace, Home Equity Loan, Money, Mortgage Payments, Nice Size, Ranch Style, Roofing, Sq Ft, Taxes, Water Heater
5 Comments