Issue with flipping a house in someone elses name
I am purchasing a home from my aunt and I was wondering if it would be a good idea to leave the property in her name while we rennovate it and sell it and then just have her pay me out at the end. The reason I was thinking this is two fold. Her capitol gains rate would be lower than mine since she has owned it for over a year and I was told I had to hold the property for 6 months in my name before a FHA, VA, USDA buyer could buy it. The later may not be true but I have no idea.