All Forum Posts by: Dave Telford

I've been asked by a relative in Oregon to find out about selling a note for about $100K on a manufactured home (double wide) on 1.2 acres in Irrigon, Oregon.  The tenant misses 2 to 4 payments a year or makes partial payments, so it's under performing.  Interest is 5.25% and the note has 10 years left on it.  Property is rising in value in this area due to Amazon's expanding data center a couple miles away.

If you know someone in the area who might be interested in this, please let me know.

Thanks

We have a rental home in Utah that we're considering selling in the next few years. It has 15+ years of depreciation and about $200,000 equity. We're considering moving into it for two years to save on the capital gains and hopefully, to avoid depreciation recapture.  

Some other factors - We are near to FI and our income is low (under 40K after deductions), as we're maxing out 401K and IRA retirement accounts and not working as many hours. We're not tied to a particular location, so don't have to live in that area. We'd like to buy a multi-family property with the proceeds, but we're not in a hurry to do so.

Anyone have thoughts on minimizing depreciation recapture and capital gains taxes by doing this?

Thanks