The Motley Fool Discussion Boards
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):
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.