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| Subject: Re: Rent-to-Own vs. Outright Sale of Home | Date: 7/27/2012 1:23 PM | |
| Author: TMFPMarti | Number: 116452 of 132527 | |
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My brother proposed a question to me this morning. Some years back .... Consequently, my brother made arrangements to basically carry the loan himself in the form of a rent-to-own arrangement. Ah, a perpetual tax favorite. The intersection of "some years back, basically, and this morning." It's never pretty. God forbid it would have occurred to someone to ask questions back then. So which is it, rent to own, contract for deed, or owner-financed sale? Anything in writing that would help? And the biggie, how has your brother been dealing with this on his returns? Phil Rule Your Retirement Home Fool |
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