Deal Structure, Seller financing for commercial real estate

[Danny Pacheco]

Hi there my name is Danny, im new at real estate and im on here searching for some help and advice. A little background story, I own a barbershop that I have been running for 1 year and my lease has come to an end, and we’re getting ready to draw up a new lease for another 5 year’s. My current landlord owns the property out right and has it in a trust fund for his kids, I have brought up the idea of me purchasing the property from him being as tho he is already retired. In the past he has stated he was ready to sell but ended up backing out after finding out he would have to pay capital gains on the property. My thoughts are to figure out a way to structure a deal with him that can be both be beneficial for him and me by using seller financing, making sure his and my needs are met. If anyone has done a similar deal or has any suggestions using creative financing on how I can structure this deal, i would love to here some ideas. All feedback would be greatly appreciated. Thank you for talking the time to read.