The current owner of the park I am purchasing is going to carry the note with minimum down. The current owner
Would like to shelter as many capital gains as possible or defer them. I assume if I buy the park outright the seller will
Realize the gain at the time of closing even though he is carrying the note? Having said that, is there a benefit for myself the
Buyer to close, take title to the property with the seller carrying the note; rather than doing a lease/purchase and taking title when the purchase agreement is executed? Being that the down payment is minimal, wouldn’t closing and taking title give me the tax deductions that wouldn’t be obtained while leasing?
If the down payment is the same (other than closing costs in a purchase) in both a lease purchase and a outright purchase, which option would be most beneficial to the buyer?