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Helping Out Older Long-Time Property Owners! #shorts

29 Jun 2024 · 0 min

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Long-time property owners with fully depreciated assets face huge tax bills when they sell. One solution: the investor carries most of the financing, letting owners keep the $2 million they need to retire without losing it all to taxes.

A lot of these longtime owners, they've depreciated the property completely and they're going to get hit with this major tax or they've got too much cash coming. They don't know what to do with it. They're, they're old timers. Like all they know is they just want to retire. They need $2 million to do it. But if they take all that cash, they're not going to get their $2 million. So we then help them out by providing, you know, a first lien to them for carrying the majority of the financing.