SELLERS TAX LIABILITIES
Looking for ideas in a generalized format to help a seller-seller finance minimizing his tax liabilities. The question is broad, however, looking for someone who has run into this scenario before and can give in generalties some pointers or tips on closure to offset this so as to maxmize this opportunity.
Property 53 units with a sfr attached to deal, owner in the process of doing renovations about 90% finished!
Research the local market...find all the recent sales that are true comps to your property..and run the numbers..make sure the vacancy rate is similar too...
CAP is only one factor that needs to be considered
several other factors that you might want to elevate in your evaluation.
Cash flow after debt service....cash on cash return.
rents at...above or below market rates....rents of competitive properties....vacancy rate for all comp properties......deferred maintanance....dollar per unit trend....
My question though, is where do I get this information? Is a realtor the best source?
im also interested on the advices for this one...please comment...i m somewhat in the same situation
simply from my own experiance you should have about $62k available to leverage using a conventional HELOC. That iequals a LTV of 80%. I use a particular lender that has served me well more than once.
I think most Hard Money lenders will want a lower LTV. I believe your credit is strong enough to aquire the loan.
Don