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Creative Real Estate Financing

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Scott Levin
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Owner Financing, Tax minimization / Installment Sale and Recommendations for Services

Scott Levin
Posted Mar 12 2024, 12:14

Hi,

I have a house in Denver that I have owned and lived in for the last 27+ of 30 years. I now have a renter in there who may be interested in purchasing the house from me with likely owner financing. My 250K tax benefit will run out before his lease does on the 2 of 5 rule, so it might be a good time for me to sell - and help him with a lower rate than banks can give while giving me income until he refinances. If I only receive the down payment this year (let's say 20%) can I write off the entire 250k towards that and structure future years to try to get in lower LTCG categories than all at once?

I'm looking for recommendations for someone who has experience structuring loans to minimize the taxes for me as well as either a service or software to maintain the loan, writing the note properly and how to receive payments etc. I am assuming since I would act as the bank - I would have to provide yearly interest tax statements for the buyer.

Thanks,

Scott

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