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All Forum Posts by: Adam Harward

Adam Harward has started 7 posts and replied 25 times.

Post: New member based in Utah

Adam Harward
Pro Member
Posted
  • Real Estate Investor
  • Provo, UT
  • Posts 26
  • Votes 8

Hey thanks.....sorry for the delay I've been meaning to jump back on

Post: Need help with strategy buying from older Sellers

Adam Harward
Pro Member
Posted
  • Real Estate Investor
  • Provo, UT
  • Posts 26
  • Votes 8
Thank you for the great ideas I hadn't thought of NNN long term with an option to purchase. Also Seller financed does reduce large chunk being taxed. I hadn't thought of the need to cross collaterize. It nice to have people who are able to give this a fresh look with different experiences.

Post: Need help with strategy buying from older Sellers

Adam Harward
Pro Member
Posted
  • Real Estate Investor
  • Provo, UT
  • Posts 26
  • Votes 8

I'm looking into purchasing a couple of multi-family properties from some older Sellers.  They are getting older and are having a hard time maintaining the properties.  My question is:

-   Their concern is selling the properties with such a low basis would expose them to large capital gains taxes.

Thought I would throw out a post to see what you guys think.  Looking for a win/win for both myself and the Sellers.  Thought about Seller financing etc.

Any ideas on how to structure the deal would be much appreciated.  It would be best if they retained income from the property but didn't expose them to large capital gains tax while at the same time relieving them of the maintenance/landlord issues.

Thanks in advance,

--Adam

Post: New member based in Utah

Adam Harward
Pro Member
Posted
  • Real Estate Investor
  • Provo, UT
  • Posts 26
  • Votes 8

Thanks @Umar Javaid

Post: New member based in Utah

Adam Harward
Pro Member
Posted
  • Real Estate Investor
  • Provo, UT
  • Posts 26
  • Votes 8
Hi, I'm new to Bigger Pockets but not to real estate investing. I mainly invest in Utah which is where I live and know the market. I'm a licensed real estate agent and have been for 12 years. I'm excited to learn more and participate in this site. --Adam