Owner financing

[John McRae]

I am in process of putting together an offer for a multi unit property in the seacoast area of NH.  I currently own 1/2 the building and another party owns the other 1/2 which I am looking to acquire.  I would like to approach the seller with an option for him to owner finance.  He is close to retirement and I suspect he might be interested in a monthly income vs. a traditional sale, where he will likely be taxed on approx $800K gain.  Does anybody have any models/spreadsheets that could help me lay out different options, potential savings to him, etc.  

Thanks

[Christopher Richardson]

John,

His tax savings solely revolving around the property and not other incomes would be dependent on how much his capital gains are. That depends on how long he's held it or how much appreciation he's added to it. You would have to factor if he's paying a loan on his property as well. I see that your looking for some type of owner financing presentation pitch. In my humble opinion that depends more on the reason as to why he's selling and what he is looking to do with the money. Get a grasp on what his goal is, and I'll see what I can do to help you put something together revolving around his hotbuttons.

Always with my best,

Chris