All Forum Posts by: Gjon Rexha

Pat You are a funny guy and Ryan - I explored that option with them but thank you. I am trying to do some creative financing. 

Thank you for the response Basit! They did not use the property as a personal residence. I have to get more information on their capital accounts and cost basis - but if they remained as a 1% LP partner would that have the potential to defer capital gains as well pending viable information?

Hello all First post! My firm is purchasing a MF property from this couple in their mid 70s-80s. They purchased the property in 1992 and are looking to avoid paying capital gains tax on the property. What would be the best course of action to close this deal (besides 1031 exchange). They purchased this property for 2.2M and we are buying for 3M. Thank you!

Hello all First post! My firm is purchasing a MF property from this couple in their mid 70s-80s. They purchased the property in 1992 and are looking to avoid paying capital gains tax on the property. What would be the best course of action to close this deal (besides 1031 exchange). They purchased this property for 2.2M and we are buying for 3M. Thank you!