MHP Seller trying to reduce or offest tax $ from sale


#1

I am working on the purchase of an MHP from seller who owns park free-n-clear and also worked out some extended payment plan on seller financing.

Seller has also lived and will continue to live in house that was part of property - to be surveyed off prior to sale.

Seller is concerned and would like to offset / reduce tax amount as much as possible.

Seller does have an intent on using some but not all of his initial downpayment towrds 1031 exchange property.

Thanks,

Tim Dorst

tdorst@yahoo.com


#2

Some useful links:

http://www.realtyexchangers.com/1031_Exchange_Information_Center/Topic_7_-_Exchanges_Involving_Installment_Sales.php

http://www.exeterco.com/seller_carry_back_financing.aspx

More than I cared to explain in writing when handy-dandy links were available. Of course, being a mercenary, I can be hired to help structure the aboveā€¦