Purchasing and financing home from family
Hello all, I'm purchasing my 4th home but buying it from family and they're going to finance it.
It's been recommended that we do a quit claim deed and use a boilerplate contract for such. However, I still don't know the best way to have the financing work to benefit us both the most with taxes, etc. Does anyone have any resources I should look at? The house is in Colorado if that affects the info.
I'm happy to follow up with my attorney also but I wanted to have as much knowledge as possible first.
Thank you!