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Updated 21 days ago, 11/21/2024
Seller Finance to 1031
Hello, I am looking to purchase part of a portfolio. The scenario is: The seller (ie. John) currently owns 6 properties. John is looking to sell 1-3 properties now and reinvest some of those proceeds into the remaining 3 properties. In 3-5 years, John is looking to sell off his entire portfolio using a deferred tax 1031 exchange. John may find some difficulty selling an entire property package in such short amount of time.
This is where I believe I can come in. I want to present Investor A with a hefty down payment to cover improvements of his other assets, while also offering owner finance terms so that in the 3-5 year period he can “sell” the properties to me which I have been paying off throughout the time, so that investor A can successfully 1031 into another investment at that time.
Questions:
who can I reach out to for proper terms and complete understanding of 1031?
Would investor A be able to defer capital gains in a situation like this?
What other options do I have to acquire these properties?
Any and all information will help!