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hang on...
if he sells his current house, and buys anotehr one within a certain time period, isnt there a tax law that exempts him from paying tax?
so basically he's getting you to finance his new house, he doesnt pay tax, and he frees up all his money to do as he pleases..make more money, start a business...buy another house...
sounds like theres more to his plan than first thought. but im with jazz on this one, if i were you id make him draw up a business plan and set the bar so high that youd have to say no. that way you can blame him for not convincing you it was a good business proposition.
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