All Forum Posts by: Matt Clark

I'm thinking of selling a commercial property I own outright. I would finance buyer for ten years. Am I correct in assuming that I will pay the capital gains but just spread it out over the ten years, or do I just pay the income tax based on the amount I receive in payments each year? I'm trying to figure out if it is smarter to sell without financing and just pay gains up front or to finance and spread out liability. Thank you in advance for any info!

hello,

     I will be closing escrow on a piece of land that I own soon. Im looking to reinvest the 275k into a rental home. I'm self employed and married. Last year we reported about 50k in income, almost all my wife. We have no other debt and own two other properties clear. (About 700k) We have about 50k in cash and about 50 in Ira etc. 

    I'm looking for some advice on how to best borrow money to purchase a more expensive property. Anyone out there ever been in the same situation? Thank you in advance! Matt