Flipping multi family within a year.... (tax/exit questions)

[Luke S.]

We have the potential ability to be rolling out of a project we picked up this fall at a great exit price. One thing that worries me though is the fact that we will be paying 'ordinary income' if we sell before we reach the 12 month period for Long Term cap gains...

Have any of you had to deal with this before? If so is there master buyout agreements or something that can be arranged? We are potentially bundling with a few other complexes and selling as one big bundle.

So we would need a way to allow them to take over our complex but not officially have it sold until later next year... Anyone have history or knowledge of doing some operation like this?

Thanks in advance.