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Updated about 3 years ago,

Michael Cabaña's profile image
Michael Cabaña's profile image
Michael Cabaña
  • Rental Property Investor
  • from San Jose, CA
  • Member since May 25, 2020
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User Stats

18
Posts
5
Votes
Michael Cabaña's profile image
Michael Cabaña's profile image
Michael Cabaña
  • Rental Property Investor
  • from San Jose, CA
  • Member since May 25, 2020
Connect
Michael Cabaña
  • Rental Property Investor
  • San Jose, CA
5
Votes |
18
Posts
Buying & Selling Real Estate

Trying to purchase grandparents' home and avoid capital gains tax

Michael Cabaña
  • Rental Property Investor
  • San Jose, CA
Posted

Hi BP,

My uncle wants to sell my grandparents' home in San Jose, CA. Is there a way I can purchase it from him and avoid the 40% capital gains tax? Someone mentioned possibly using a private loan to pay him and he "gift" it to me? Any information is helpful. 


Thank you.

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