Ilyce reports live from the Georgia World Conference Center at The Learning Annex Real Estate Wealth Expo. Ilyce opens the program discussing a recent report in the Wall Street Journal regarding home down payment gifts. These programs assist first time buyers with down payment loans. Often a kick back, or money going from seller to lender, would circumvent FHA rules. The IRS is now limiting home down payment gifts and even calling them “schemes.” Ilyce answers questions regarding how to appropriately deal with the inheritance of cash or property and she answers an investment question regarding the use of IRA money to invest in real estate.
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