- Rental Property Investor
- Gibsonville, NC
- Votes |
Father wants to sell companies office building but...
I want him to owner finance to me so I can rehab it to lease it out and I want to sell him on that idea. His plan with the sale money would be conservative and put it in CD’s. I picture a different scenario where the building stays in the family because it’s close to a college that is likely to expand in the future. The property is free and clear and will sell for around 200k and he would pay around 150 k in capital gains. Seems like if he finances to me he would make more money than a CD.
I’m asking help if there are tax and capital gain advantages that I am unaware of. On the other side of the coin any disadvantages to holding the property.
Also anyone that’s has been in this situation willing to share their story would be appreciated.