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how can I sell a house to my daughter without charging interest?

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csecor67 Joined: 06 Mar 2011 Posts: 1 1.29 Dollars($)	Posted: Sun Mar 06, 2011 6:10 pm    Post subject: how can I sell a house to my daughter without charging inter Like 0 Dislike 0 I would like to "sell" a house I inherited to my daughter and her husband, but do not want to charge interest. Is this possible?
tomburris Community Expert Joined: 03 Oct 2007 Posts: 135 Location: North Dallas 19.12 Dollars($)	Posted: Sun Mar 06, 2011 6:19 pm    Post subject: Like 0 Dislike 0 Contact a real estate attorney to draw up a promissory note and related documents. _________________ Tom Burris Mortgage Banker 214-763-4629 cell/text/nights/weekends http://www.dallasloanguy.com/ Location: North Dallas, TX Coverage: The entire Great State of Texas NMLS# 335055
Cheryl Guest	Posted: Mon Mar 07, 2011 3:53 pm    Post subject: Sale of property to daughter w/o interest. Like 0 Dislike 0 Thank you for your response. Would this avoid imputed taxes?
tomburris Community Expert Joined: 03 Oct 2007 Posts: 135 Location: North Dallas 19.12 Dollars($)	Posted: Mon Mar 07, 2011 4:12 pm    Post subject: Like 0 Dislike 0 i dont know that would be a question for the real estate lawyer _________________ Tom Burris Mortgage Banker 214-763-4629 cell/text/nights/weekends http://www.dallasloanguy.com/ Location: North Dallas, TX Coverage: The entire Great State of Texas NMLS# 335055

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