All Forum Posts by: Zach Mazur

@Michael King I just don't want to have to tie up cash for that long of a period.

@David Martin & @Jaysen Medhurst I appreciate the advice. I'll suggest both to my bank and see what they think.

Hi all -

I'm a CPA seeking advice on how to best purchase a home for my daughter. I came across a great deal on a condo for my daughter as she's getting married and looking to build equity. I wanted to make an all cash offer to get a favorable price, and then have my daughter subsequently refi the home. 

I have a few concerns about the process:
1. I don't want to tie up that much cash long term.
2. I don't want to trigger any amounts above the annual gift tax exclusion that would count towards my lifetime estate/gift tax allowance. 

Are there any clever ways where I could purchase the house for my daughter with all cash and then subsequently have her refinance and pay back the cash to me without triggering either of the events above?

Thanks in advance!