Let me elaborate on my previous posting. I’m a New yorker and in N.Y. there are 3 ways of doing things.
You can do things the proper way, wait forever if it gets done at all, you can do things the improper way and hope you don’t get caught or you can look for a work around.
Again, this is you have the financial means. You price out a Village villa, go to the bank and put down the required amount to purchase and get a mortgage. You claim you are buying this for your children. They pay you cash under the table each month to cover the interest which is tax deductible on your end and if in a year or two if it does not work out and you can sell it for what you paid, it will have also made a bit of a profit on the principle that has been paid.
|