What is the best way to buy a house for the seller for tax purposes?

What is the best way to buy a house for the seller for tax purposes?
0.0 0.0 0.0 0.0 0.0 0

#1

What is the best way to buy a house for the seller for tax purposes?


#2

If I understand your question correctly, you are considering making an offer on a house that would be tax attractive to a seller.  Since single ($250,000 gain shelter) or couple ($500,000 gain shelter) owners can shelter a lot of gain there are not many major benefits from a tax standpoint in the majority of house sale transactions in our country.  Most benefits are on a cash flow basis where you are saving the seller from paying closing costs or repairs.  If you find a seller that is willing to provide seller financing, then you are providing an income stream rather than a lump sum payment and they have their previous home as security.  If the loan was at 5% for example, that is a lot better than most owners could get guaranteed in today's investment market on their lump sum from a sale without taking on a lot more risk. 


#3

This thread has been closed. Have a financial question? Log in and ask our community!