I own my home, i want to buy a house for my kid. before, I have pulled out an equity loan at 6.% and purchased a house for my kid. i registered it and have them paying me a 8.5% mortgage to me. they have out grew this house and i want to buy another one for them. what is the best way to limit my tax liabilities, and still purchase a home for them. they would still pay me back for it. like they do now. the previous way seemed a bit expensive. and my taxes seemed messed up.