Description
Book a free strategy session with an Anderson advisor before you sign your next seller-financed or subject-to deal: https://aba.link/9927ab
Sell on terms and you spread the tax out, unless the mortgage is bigger than your basis or you took a cost seg. Then it's due in year one, with or without cash.
In this video, Clint Coons, Esq. reveals how selling a rental property through a subject-to deal or seller financing arrangement can leave sellers facing a massive tax bill—even when they receive ZERO cash from the sale.
Learn how a seller ended up owing over $40,000 in taxes after a subject-to transaction, why mortgage debt and depreciation can trigger unexpected taxable gains, and how these deals can expose real estate investors to potential lawsuits.
Register for a FREE upcoming workshop to protect your business and personal assets from snoopy lawyers and creditors. 👉 Save Your Seat: https://aba.link/cokw
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Show Notes:
0:00 Intro: The Subject-To Deal That Went Wrong
1:54 How Depreciation Impacts Your Taxes
3:33 Why the Seller Owed Taxes on $220,000
5:29 Why Installment Sales Won't Eliminate the Tax Bill
6:55 How to Protect Yourself Before Closing a Deal
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Download your free copy of Un-Tax Yourself eBook and discover the secret to real estate wealth is in the tax deductions. https://aba.link/untaxebook
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CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
ABOUT CLINT COONS
Clint Coons, Esq. has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#RealEstateInvesting #SubjectTo #SellerFinancing