Not worried this means more owner financing deals.
Have been talking to one 3rd generation owner of some apartments and he's fearful of losing his 1031 tax-free exchange and also wants to retire. So now he's willing to offer me owner financing to take the property off his hands. The loss of his 1031 is a buying opportunity for me. lots of new opportunities will open as the paranoid flee Real Estate. We only own for the long term. He does not want all the money in one lump sum so we will do a land contract and make him 5 annual payments with a 5% note so his Capital gains also remain lowest. he can receive the money over 5 years. I also will not get reappraised until the deal closes so will acquire a piece of his LLC each year until this is paid down. higher property taxes will be postponed saving me another $75,000. I collect all rents on Day one without monthly payments just 5 annual payments of 20%. Cash flow is king!