Updated over 3 years ago on . Most recent reply
Best options for selling 25 acres
I'm working with someone who is trying to sell their land with a pond (no structure).
They are hoping a commercial company will come out and buy it since the location is right outside Houston, Texas on 25 acres.
The seller is looking at different options, reinvesting all (1031) or only a portion then paying capital gains on the uninvested portion.
Their real estate agent/broker brought up owner financing but if they entertain that option, from my understanding, they will be paying more capital gains than the two options mentioned above. I feel like the agent/broker is pushing this because they want to keep the deal in-house and don't have a big enough buyer for the full purchase.
Seeking advice and advisement to help them out with some options.
cross-posted on BiggerPockets FB page