Is it possible to purchase a home with cash?

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AbsolveUsAll User ID: 16327635 United States 12/28/2012 05:15 PM Report Abusive Post Report Copyright Violation	Is it possible to purchase a home with cash? I'm 34 and have cash money to do this and would rather not jump through umpteenth holes for the IRS by doing a wire transfer or using cashier's checks. Can I close with cash? You can find all you need The message is in the silence Whisper words to calm your mind Reach inside

Revguard User ID: 29097718 United States 12/28/2012 05:16 PM Report Abusive Post Report Copyright Violation	Re: Is it possible to purchase a home with cash? I'm 34 and have cash money to do this and would rather not jump through umpteenth holes for the IRS by doing a wire transfer or using cashier's checks. Can I close with cash? Quoting: AbsolveUsAll If you buy directly from the seller(no bank involvement). There would have to be some lawyer work, and some transfer of title, but it could be done. The seller would have to own the home outright (not financed). At least IMHO. Last Edited by Revguard on 12/28/2012 05:16 PM
Anonymous Coward User ID: 30797866 United States 12/28/2012 05:17 PM Report Abusive Post Report Copyright Violation	Re: Is it possible to purchase a home with cash? from a private seller. not from a bank though, i may be mistaken..88% sure.
Anonymous Coward User ID: 31037326 United States 12/28/2012 05:17 PM Report Abusive Post Report Copyright Violation	Re: Is it possible to purchase a home with cash?

nwo_watcher_911 User ID: 4520570 United States 12/28/2012 05:20 PM Report Abusive Post Report Copyright Violation	Re: Is it possible to purchase a home with cash? Set up an LLC on legalzoom, or set up a trust. Fund the trust or LLC and then purchase the home using said vehicle. nwo_watcher_911
AbsolveUsAll (OP) User ID: 16327635 United States 12/28/2012 05:25 PM Report Abusive Post Report Copyright Violation	Re: Is it possible to purchase a home with cash? Nice, thanks peoples! You can find all you need The message is in the silence Whisper words to calm your mind Reach inside
Chrit User ID: 27088294 United States 12/28/2012 05:26 PM Report Abusive Post Report Copyright Violation	Re: Is it possible to purchase a home with cash? Yep, nothing special about it happens every day. But here is the thing you can make more money by properly investing your money then you will by locking your money up in a home. Prime rate is 3.25% and if you properly invest your money you can make 10% to 15% a year return from it. I'm only human, it's my biggest flaw. We must all realize a sink a chair and a pillow are all luxuries of home and a soldiers helmet takes the place of all three.
Larisa User ID: 18516406 United States 12/28/2012 05:27 PM Report Abusive Post Report Copyright Violation	Re: Is it possible to purchase a home with cash? Set up an LLC on legalzoom, or set up a trust. Fund the trust or LLC and then purchase the home using said vehicle. Quoting: nwo_watcher_911 That doesn't make sense if OP is trying to avoid direct IRS insight into his/hers affairs. Wouldn't setting up a legal entity - either an LLC or even revocable trust require obtaining FEIN, setting up a bank account to deposit funds in order to capitalize such entity?
TheCartel User ID: 29735768 United States 12/28/2012 05:28 PM Report Abusive Post Report Copyright Violation	Re: Is it possible to purchase a home with cash? Careful bro, the IRS will be all in your shit.
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