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Updated almost 5 years ago on . Most recent reply

User Stats

20
Posts
9
Votes
Doug Webb
  • Real Estate Investor
  • Seattle, WA
9
Votes |
20
Posts

Buying rental home from homeowners

Doug Webb
  • Real Estate Investor
  • Seattle, WA
Posted

Hello, my fiance and I are looking to potentially purchase the home we are living in, which we are currently renting.  When we sent an email to the homeowners to ask about this, we received a response in which they told us that they are interested.  However, they also said they are reluctant given they capital gains that would come with such a sale.  

I'd be curious to know if anyone has suggestions about how to work with them on this?  Hopefully they know about doing a 1031 exchange.  And of course I'll mention that a lower sale price means lower capital gains, haha.  Maybe there's a way to structure the sale in installments so that the tax burden doesn't occur all at one?  Thanks for any insight you may have.

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