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Updated almost 8 years ago,
Need help with strategy buying from older Sellers
I'm looking into purchasing a couple of multi-family properties from some older Sellers. They are getting older and are having a hard time maintaining the properties. My question is:
- Their concern is selling the properties with such a low basis would expose them to large capital gains taxes.
Thought I would throw out a post to see what you guys think. Looking for a win/win for both myself and the Sellers. Thought about Seller financing etc.
Any ideas on how to structure the deal would be much appreciated. It would be best if they retained income from the property but didn't expose them to large capital gains tax while at the same time relieving them of the maintenance/landlord issues.
Thanks in advance,
--Adam