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Mitigating capital gains
Good day all,
i have found a property that is for sale and the owner wants out of it. It is approximately 5 yo and consists of a few duplexes for sale on one side of the block and he owns a few more on the other side, he wants to split the sale up so he doesnt pay so much all in one year in capital gains tax. He has made it clear he will not owner finance. are there other options for to minimize capital gains tax and in order to make this deal more beneficial to all?
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- Lender
- Fort Worth, TX
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@John Brown for lending questions, I would suggest to speak with your loan officer on this. There are "blanket" loans available out there for sure. Pros and Cons to all loan types so make sure you are talking through this with your LO.