Updated about 10 years ago on . Most recent reply
Structuring my first deal!
I have a house across the street from my parents house that is now vacant with the owner too sick to live there anymore. I want to approach them to potentially make an offer, but I don't even know if they want to sell it yet. Since the owner has lived there for 37 years and will need full-time care, I am considering suggesting a seller-financing deal to give them monthly payments instead of just offering a low ball price. Thoughts on how I might approach them about it? Am I correct in thinking that they would offset any capital gains tax this way? I know I am still green in all of this. So if anyone has some suggestions or suggested resources that I can read myself, I would greatly appreciate it!