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Updated about 4 years ago,
Creative financing advice
We have gone under contract to sell one of our rentals. I have never had an issue with financing before, but we both recently retired. Now no one will finance a new property. We have $200k to put down on one or several homes. I need to cover $500k for the exchange. Even though we have over $600k in retirement savings, no one is interested. Can you offer any suggestions? I hate to pay the tax on this.