5,259,152
Not in CA but, would also recommend asking a CPA these questions.
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Anthony Acosta - ALLAT...
Atlanta, GA
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Doug Dawes
Topsfield, MA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Richard Weeks
Dallas, TX
6,426,310
Not yet, will look into this.
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Doug Dawes
Topsfield, MA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
511,314
I would like to know more about this method. Perhaps you could write a blog post on how it works?
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Doug Dawes
Topsfield, MA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
5,117,828
I have not. Have never had a capital gains tax come into play in any of my sales in over two decades.
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Doug Dawes
Topsfield, MA
-
Dan & Laurie Pittsenba...
Bellingham, WA
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Bob "RealMan" Timm
Minot, ND
-
Richard Weeks
Dallas, TX
-
Bob Crane
Stevens Point, WI
2,071,025
No idea.
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
1,202,852
I'm not in California, so the answer is no
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Anthony Acosta - ALLAT...
Atlanta, GA
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
469,510
No, never heard of any of the three things you asked about in Q&A, I will have to check into it.
After looking a the links you put on a recent post you wrote on your blog - I think this along with the Installment methods is simply part of owner financing. One only has to pay tax on income received in any given tax year - thus owner financing allows one to spread out the income realized from a sale over many years. I'm not positive, but I think that is what is being talked about here and I have done this method several times. Works great for both seller and buyer.
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Candice A. Donofrio
Fort Mohave, AZ
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
2,403,656
I have not even heard of it Michelle Carr-Crowe Just Call 408-252-8900 Top 1%! but I'm eager to read others answers.
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
-
Dan & Laurie Pittsenba...
Bellingham, WA
7,872,822
Nope.
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Doug Dawes
Topsfield, MA
-
Dan & Laurie Pittsenba...
Bellingham, WA
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Bob "RealMan" Timm
Minot, ND
5,247,607
Never sold a California property.
-
Doug Dawes
Topsfield, MA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
4,908,539
Not heard of this either
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Doug Dawes
Topsfield, MA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
1,598,452
No.
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
5,773,392
Again,
I would advise you to seek professional counsel. California laws differ from other state laws. A
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
2,222,281
5,879,946
1,326,769
3,350,914
2,673,169
Thanks all for weighing in. A company locally does this program, I cannot remember their names or name of the company. I hoped someone else here had done it and could share some helpful info.
5,583,328
1,555,300
No, not in 20 years. And given I've had no experience in this; it's not a question I or any REALTOR who hasn't should answer. It's advice that exceeds our license, unless you're telling astory about how a client of yours did it.
1,242,204
4,969,061
1,507,223