We'll help you find the right solution for your needs
Does this sound like your topic?
I bought my house in 2010 for 55K outright, similar houses in the area are now listed around 65-70K. I have to move closer to my Drs, but my 16 year old son wants to keep this house. He doesn't want it as a gift, says he wants to "do the right thing" and buy it from me, but I know he wont be able to get a loan at 18 and I cant co-sign for one. Can I carry the loan and charge him a minimum payment of something minimum like $100 a month for 55-60 months with zero interest?
Do I have to charge him more than what I paid, or can I charge him the same as I was charged?
I'm on SSDI, will there be any tax penalty on my side?