Creative Ways To Increase The Purchase Price Paid
I am talking with a seller about buying a property. The seller is willing to give me a lower price but I was wondering if there were ways other people had used to keep the "purchase price" high for the purposes of getting a loan but really pay less. In short, I want to lower my out of pocket and get more money in the form of a loan through conventional financing without waiting 6 months.
The owner will also manage the property for me later and does not want to do seller financing.
There a few things I could think of but all would have tax problems that negate any pluses.
Any ideas?