Sellers can reduce their tax exposure and earn significant interest by not taking a lump sum for the sale of the property. Instead, sellers can "take back" (accept) a note for any amount of the purchase price. This is ideal when conventional mortgage rates are high like they are now. Buyers and Sellers take advantage of this type of financing more in down real estate markets. Listen to this episode and get yourself ready for creative financing solutions!
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This content is not legal advice. Contact an attorney for legal advice.
For specific real estate sales or mortgage lending questions, you may contact chuck@fund2000.com