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    Special_K's Avatar
    Special_K Posts: 1, Reputation: 1
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    #1

    Apr 19, 2011, 02:54 PM
    If you buying a HUD home with cash..
    Any advice on buying a HUD home in full for cash (pros/cons) and what are the taxes that would go along with that for the seller the year they buy it (or breaks if there are any)?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Apr 19, 2011, 07:35 PM

    no real difference in taxes you pay no matter how you buy the home, The main issue is if the loan is worth the value.
    What interest would a home loan be ? Compared to value of money invested. For example right now I am getting about 5 percent on my investments ( just got my statement today) and if I could borrow money at 3 percent my money is making me more money in the bank
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