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Updated over 4 years ago,

Brad Smith's profile image
Brad Smith's profile image
Brad Smith
  • Rental Property Investor
  • from New Braunfels, TX
  • Member since Sep 4, 2015
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User Stats

58
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5
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Brad Smith's profile image
Brad Smith's profile image
Brad Smith
  • Rental Property Investor
  • from New Braunfels, TX
  • Member since Sep 4, 2015
Connect
Brad Smith
  • Rental Property Investor
  • New Braunfels, TX
5
Votes |
58
Posts
Tax, SDIRAs & Cost Segregation

Buying out brother's mortgage

Brad Smith
  • Rental Property Investor
  • New Braunfels, TX
Posted

Can I sell a property, buy out my brother's mortgage, charge him $1/mo and avoid capital gains from selling a rental property? 

We'd have a contract to cover the details but I don't need the revenue from the rental but I'd have a stake in his property that my heirs would inherit when I'm gone along with my other rentals.

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