Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago,

User Stats

18
Posts
6
Votes
Theo Z.
  • Pittsburgh, PA
6
Votes |
18
Posts

Options for Selling Rental Home to the Tenant?

Theo Z.
  • Pittsburgh, PA
Posted

I've been renting my prior residence to a family. My primary residence exclusion benefit (savings on capital gains taxes) is set to expire at the end of August.
I want to sell the property but the tenants are a wonderful family and I don't want to force them to move because I'm quite certain they don't have the means or qualifications to obtain a mortgage or a down payment.

I'm wondering if there might be any creative options or ideas for me in this situation that I might be overlooking? Perhaps a creative way to sell the house to them?

Additional info:

-My CPA helped me calculate that I will net about $10k more if I sell before Sep 1st vs after Sep 1st.

-The home is probably only worth about $170k but is owned free and clear.

-I have not brought this up with the tenants. I wanted to look into what my potential options might be before we approach them.

Thank you in advance for any insights or ideas!

Loading replies...