For long term resale value, I thought that if I sell a house for more, but give some cash back to the buyer, it will increase overall values of the area. For example, buyer only wants to only pay $138,000. How about paying $140,000 and then giving them cash back of $2000 afterwards. Is this a stupid idea? (Don’t use the word stupid on me ) What are the legalities of something like this?
Another thought, how could I make that $2000 a tax deduction? Like take the buyer - he’s actually an up and coming rehabber - out to lunch (an expensive $2000 lunch :shocked ) so that we can discuss future business opportunities? Then I can deduct that lunch as marketing-to-clientele expenses. I suppose another good idea is, since he is a rehabber, give him a $2000 gift card to Home Depot or something. Did I just plant one foot into jail, er, ummm a nasty audit? :cool