experienced RE investor with new issue I have never encountered. Elderly owner of 20 unit complex selling portfolio but suffered significant tax consequences ( assume capital gains) when sold her previous property. Anyone know of a creative way to lock up the deal put pay the seller in such a manner that her tax burden is reduced? She is in late 70's - acquired the portfolio as part of divorce and I believe just looking for cash and wants to get out of the management side. Thank you in advance
Seller finance. If there is still existing financing you will need a wrap but instead of paying capital gains on the sale this year she only has to deal with the interest on the loan she is giving you.
*Not a CPA