Activity Feed
  • The seller is well off. He and his cousin owned the property jointly, and his cousin is going through with selling his half.Good point about stepped up basis, t...
    Mike12321
    1
    Aug 25, 2021
  • I agree that there is risk. Even for the buyer, a 25 year installment may be beyond his lifespan, so I think it is too complicated of a transaction. Do the sell...
    Mike12321
    Aug 25, 2021
  • The installment sale is the buyer's idea. It is a judge who is making the offer. I think he should not have the seller finance the deal and that the seller shou...
    Mike12321
    Aug 25, 2021
  • I clearly told him that the general rule was not to sell appreciated property and let his kids take a stepped up basis, but these other factors such as having a...
    Mike12321
    1
    Aug 25, 2021
  • I agree. I referred him to his lawyer for estate planning advice, but I think since he has this buyer he wants to go ahead with the sale.
    Mike12321
    Aug 25, 2021
Community Stats
Posts 40
Solutions 0
Cheers Given 5
Cheers Received 5
Member Since ‎12-06-2019
Latest badges earned