If selling your property and are not upside down, consider holding either a first mortgage or a second mortgage in either a residential or a commercial sale. Providing this financing tool in today's market condition can be to your advantage.
The primary advantage is the deferral of taxes due. Sellers are taxed as the principal is received. This allows you to spread the tax bill over several years.
Further advantages can include
· An interest rate that provides a higher return on investment.
· Market position for a higher-than-average price.
7/22/2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment