Updated about 4 years ago on . Most recent reply
What's the best way to buy this house?
Meet Husband, Wife, and Mom.
Husband and Wife are pre-approved for $900k in loans, looking for a 2-family house. Husband & Wife will occupy 1, Mom the other.
To make the down payment, Mom will sell her fully-owned condo for $500k or close to it.
I think Mom should buy the property using a 1031 exchange to avoid taxes on the sale. Other than that, what other advice would you give this lovely couple and their dear, sweet mom?