Updated over 5 years ago on . Most recent reply
Buying rental home from homeowners
Hello, my fiance and I are looking to potentially purchase the home we are living in, which we are currently renting. When we sent an email to the homeowners to ask about this, we received a response in which they told us that they are interested. However, they also said they are reluctant given they capital gains that would come with such a sale.
I'd be curious to know if anyone has suggestions about how to work with them on this? Hopefully they know about doing a 1031 exchange. And of course I'll mention that a lower sale price means lower capital gains, haha. Maybe there's a way to structure the sale in installments so that the tax burden doesn't occur all at one? Thanks for any insight you may have.