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Updated over 6 years ago,

User Stats

223
Posts
4
Votes
Sarah Jones
  • los angeles, ca
4
Votes |
223
Posts

Capital Gain

Sarah Jones
  • los angeles, ca
Posted

Im trying to do a subject to deal in california. The owner has a rental property. He is 2 months behind on his payment, he has been renting it out for more than 4 years. He owes $300k on it and the area comps for $300... he is afraid of capital gains. He is a CPA and he says if he sells the house he will have capital gain of $30k .. that would make it too expensive for us. Is there any way to avoid this 30k capital gain?

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