Your extremely conservative grandfather has been convinced to gift money to his heirs -- and you think he should give you more money than he's going to give to all seven together? You could ask for a loan. Expecting him to also give you the $$ to pay back the loan seems a bit much.There are some tips on family loans at http://www.fool.com/taxes/2001/taxes011130.htmhttp://taxes.yahoo.com/tips/family/loans.htmlIs the 75K the full 30% that you need to get into the house? Are you putting up any of your own money into the downpayment? You might want to stop being quite so aggressive with your business deductions -- give yourself an income so that you can use it to save and invest. Sure, you'll pay taxes on it -- but in the long run your financial situation will be much better.
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