The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  complicate vacation home transaction Date:  2/5/2004  11:51 PM
Author:  HokeySon Number:  69261 of 123001

Hello, I posted the below on the buying a home forum and thought it might be beterr over here? Also after posting, I think I should add that the question is not whether to buy the home, it is whether to pay cash or set up the deal as outlined. any comments appreciated.

I am considering buying a vacation home using the folowing and am interested in any thoughts as to what I may have missed or comments on its advisability (numbers changed for ease of analysis):
background facts:
Price 100 k
liquid money to purchase 100k
no traditional mortage available (75 rural acres, with manufacured home)

set up NV corp.
purchase 100 shares of corp at 1000 each.
NV corp