Another option is an installment sale, which spreads capital gains tax over multiple years.For unsold properties being distributed, there is generally no immediate tax event if assets are transferred at their adjusted basis.

I am a military mom and I offered to see if I could help them out of this unfortunate situation How did you find this deal and how did you negotiate it?

I am a military mom and I offered to see if I could help them out of this unfortunate situation How did you find this deal and how did you negotiate it?

Josh I find myself essentially in the same situation and I have been thinking about my options.  

If timing permits you can get a tenant into your home that you'd be leaving.If you are going to move into the new home you have a lot of options for better rates and lower down payments.Matt HowardNorthpointe Bank616.552.5730https://www.northpointe.com/home-lending/get-started/matt-ho...https://www.zillow.com/lender-profile/matt%20howard/

Purchased on 2/7/25 for $171,000, the property offered a quick-turn opportunity.

Look into all the options.  

If the inspection reveals a bigger problem, either you can try to keep the deal alive by offering a seller credit, which could motivate the buyer to move forward, or the buyer walks away. 

Once your pre-approval is finalized, evaluate each property by inspecting it, confirming the rehab scope, and making offers based on realistic numbers.Drago

@Tayvion Payton   -  my guess is that you are still too far off the price, at least in the interim but it is always good to put in an offer, because they may come back to you down the road.