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by than3 1139 days ago
Yes, this was the general sentiment.

There may be loopholes and financial engineering that can be done, but its generally not available to the average joe.

I looked into this as a possibility not too long ago, and the professionals we spoke with basically said you'd either need them to take care of the taxes or be co-signer.

Co-signer rights effectively negate the point of getting 'your' house, and can lead to a lot of drama.

1 comments

Best bet is probably to have them own the house and step up in basis when they move on, if you're really worried about taxes.