I have the inside track on a property which is owned free and clear and the owner stands to make a huge profit. 500K+
With seller financing can he delay or minimize his capital gains? Any good books where I can find this info?
Has the seller owned the property for more than a year? If so, the gain is considered long-term. If this is the case, the seller might want to consider a monetized installment sale.
You, the buyer, would need to come up with your own financing, or pay cash, but the advantage for the seller is that they could defer their capital gains tax for 30 years, and they could walk away with about 93.5% of the net sales proceeds in cash.
If the seller is made aware of this option, they might be more willing to sell, because they will obtain much more cash from the transaction than if they do a regular sale or a regular installment sale.