Help structuring deal

[Michael Chilton]

Hi, I’m looking for help structuring a deal on a 4 plex in Iowa. The seller and I (buyer) have decided on a price of 48,000. I want to use bank financing and can put 5,000 down. The seller has said he’s willing to cut me a check at closing for 5,000 on a purchase price of 53,000 (the bank is good with that price), but that would increase his tax liability. Is there a way he can transfer 5k to me so I only need to come up with 5k of my own money, but where he’s only taxed on a 48k selling price?

Thanks!