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Creative Real Estate Financing

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Lizina Green
Pro Member
  • Flipper/Rehabber
  • Pawleys Island, SC
17
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87
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Seller Financing and Taxes

Lizina Green
Pro Member
  • Flipper/Rehabber
  • Pawleys Island, SC
Posted Jul 27 2015, 20:14

I have been getting prepared to present a seller financing package but I am unsure concerning taxes and the balloon payment. Will the seller have to pay taxes on the balloon payment? If they sell the property in form of a note with terms, do they just pay taxes on the note payments?

HELP

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