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Tax, SDIRAs & Cost Segregation

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Michael Glaser
Pro Member
  • Investor
  • Venice, CA
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163
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Signing Before Closing Date

Michael Glaser
Pro Member
  • Investor
  • Venice, CA
Posted Dec 13 2016, 17:30

Purchasing property, waiting on appraisals. The seller recently said after we signed a sales contract in November that he wants to have the contract go into effect Jan 1, 2017. This is to avoid capital gains he'd have to pay in April. I get it, I'm fine with it. The issue I have is that I won't be in town January and want to get this thing going January 1st or before.

How might I amend or restructure the contract to be able to sign in December, but have the contract go into effect Jan 1. I'm sure there's a name for that...

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