Today I am meeting with parents of a CSU student. They would like to find their son a home while he finishes his degree. We will be looking for newer homes near the Colorado State University Campus.
They would also like to continue to help him prepare for the future. We have talked about the possible benefits of including him in the purchase. It could lead to all sorts of tax benefits for all of them, but that is an issue for them and their tax professional.
Funny that today I was reading a published article from Peter G. Miller and he focused on this exact topic.
He talks about everything from gifting money, Gift letters, seasoned gift money, Co ownership with the family member, First time buyers programs, FHA options, multiple dwelling units and much more. And if he qualifies for the $8000.00 tax credit it might be irresistible.
Not only a timely article but a great resource for the future!
As part of my commitment to be the best agent I can be, I continue to read articles, take classes and interact with experts in the field to provide better service and more knowledge to my clients.
I will help these parents find this CSU student a fine home, and do what I can to help them to continue to invest in his future!
David A. Timm, GRI
Broker Associate
Keller Williams Realty of Northern Colorado
Cell: 970 631 3226
dtimm@fortcollinsre.com www.DavidTimmHomes.com
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