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Your home sale proceeds can be invested in stocks and bonds, mutual funds, annuities, permanent life insurance, REITs, a high-yield savings account and long-term care insurance as a source of income in retirement.

In most cases, you won't pocket all of the sale price when you close. You'll usually have some expenses that need to be paid before you can take home your profits.

If the home is a rental or investment property, use a 1031 exchange to roll the proceeds from the sale of that property into a like investment within 180 days. 13.

How to Ask for a Seller Concession. Asking the seller to pay some of your closing costs is fairly straightforward. This kind of clause can simply be added to the purchase offer. Once both parties have signed it, the purchase offer becomes a real estate contract.

Create an upfront, transparent, and equitable payback plan to safeguard the personal relationship. Put it in writing, and then follow through with it. Use Horde friend and family app to document the conditions of the agreement and have both parties accept before transferring funds. Always pay your bills on time.

A loan agreement is any written document that memorializes the lending of money. Loan agreements can take several forms. The most basic loan agreement is commonly called an "IOU." These are typically used between friends or relatives for small amounts of money, and simply state the dollar amount that is owed.