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Updated almost 9 years ago on . Most recent reply
Owner Says Wants to Sell, But Too Much Capital Gains Tax So Can't
I get this response from owners from time to time and wonder how others deal with it? If its been a rental, there is depreciation recapture and cap gains tax. Some people don't want to be landlords anymore but don't want to pay the tax either, so are stuck.
I haven't tried suggesting an installment sale or done an owner carry (other than one pre-foreclosure) and have just done cash wholesaling so far. How do you proceed when an out-of-state owner says they want to sell, but that capital gains would eat up their gains?