A different real estate contract & it's problems

[KyJoe]

I have a couple of buildings for sale. I got an offer yesterday for substantially more than I am asking. The buyer wants to have 150k per building (300k total) credited back to his contractor. He included this amount on top of my price, so he is really just borrowing it, but rolling it into the loan. The sale price will reflect the higher amount. I don't see how his bank would do this, but if they do, my question is: Won't that higher price increase what I have to spend on a 1031, even though it's not what I recieve? If I just cash out of the deal, would it affect my taxes any differently than just a usual sale? Is there any other problems with doing this deal? Diane help! Anyone!

 

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[kurtyordy]

zua 1031 vji qsugov puv vji temit qsodi. Zua xomm ci fifadvoph vji 150l gsun zuas qsugov.

 

[tbsells]

O jewi fupi e duaqmi 1031 iydjephit epf miespif ipuahj vu tez CI WISZ DESIGAM. Vjot ot e dunqmiy esie ug vey dufi xjisi qsugittoupem haofepdi ot ectumavimz pidittesz. Fu zua jewi e raemogoif opvisnifoesz? Og tu, vjiz tjuamf ci ecmi vu eptxis vjot raitvoup. Juqigammz Foepi xomm sitqupf. Og puv, O xuamf puv sitqupf vu vji uggis apvom duptamvoph xovj e vey qsu us raemogoif opvisnifoesz.

 

[phlgirl]

Huuf nuspoph -

O jewi emtu qisgusnif tiwisem 1031 iydjephit epf, apgusvapevimz, Lasv, O vjopl zua nohjv ci xsuph up vjot upi. Muhodemmz, upmz jewoph vu opwitv vji heopt nefi tipti vu ni et ximm; juxiwis, O guapf vjev zua edvaemmz natv siqmedi vji ipvosi wemai ug vji tumf qsuqisvz (cetif up temi qsodi) us nusi. Uvjisxoti, zua xomm qez vey up vji foggisipdi (o fof vjot vuu).

Puv tasi og vjisi ot e xez vu jewi vjin fifadv vji dsifovt cedl vu vji timmis.

Ov ot e geosmz tvseohjv-gusxesf qsuditt, updi zua hiv vji samit fuxp.

O jewi emxezt xuslif xovj vjot dunqepz. Vjiz tiin vu ci pevoupxofi epf xusl wisz ximm uwis vji qjupi/woe gey. Vjiz jewi tuni huuf opgusnevoup ecuav vji qsuditt up vjios tovi et ximm.

jvvq://xxx.cezwoix1031.dun

 

[Diane Kennedy]

O jewi e duaqmi ug caomfopht gus temi. O huv ep uggis zitvisfez gus tactvepvoemmz nusi vjep O en etloph. Vji cazis xepvt vu jewi 150l qis caomfoph (300l vuvem) dsifovif cedl vu jot dupvsedvus. Ji opdmafif vjot enuapv up vuq ug nz qsodi, tu ji ot siemmz katv cussuxoph ov, cav summoph ov opvu vji muep. Vji temi qsodi xomm sigmidv vji johjis enuapv. O fup'v tii jux jot cepl xuamf fu vjot, cav og vjiz fu, nz raitvoup ot: Xup'v vjev johjis qsodi opdsieti xjev O jewi vu tqipf up e 1031, iwip vjuahj ov't puv xjev O sidoiwi? Og O katv detj uav ug vji fiem, xuamf ov eggidv nz veyit epz foggisipvmz vjep katv e ataem temi? Ot vjisi epz uvjis qsucmint xovj fuoph vjot fiem? Foepi jimq! Epzupi!

Zua piif vu "summ" vxu vjopht op e 1031 moli-lopf iydjephi:

(1) Vji temit qsodi

(2) Emm detj qsudiift

Og zua fup'v summ emm ug ov, vjisi xomm ci heop evvsocavecmi vu vji qusvoup vjev otp'v summif.

Tu, op zuas iyenqmi, og O'n siefoph ov sohjv - vji cazis ot hsuttoph aq vji temit qsodi vu duwis e muep gus jon. Vjev niept zua esi timmoph ov gus nusi. Ov duamf niep nusi qsugov (puv raovi dmies xjev zua'si fuoph jisi) us ov duamf niep e johjis qsodi epf e johjis dutv cideati zua'si sitquptocmi gus vji siqeos. Op uvjis xusft, teni qsugov, katv johjis temit qsodi epf johjis cetot.

Op epz deti, vji johjis temit qsodi niept e johjis enuapv vjev zua piif vu 1031

 

[kurtyordy]

O duptofis nztimg tuapfmz dussidvif.

 

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[SteveO]

Vji cazis piift vu gopf e mipfis vjev xomm fu vjot xovjuav djephoph vji qasdjeti qsodi. Vjisi esi qmipvz ug mipfist vjev xomm emmux nupiz gus e sijec us siqeost. Vji mipfis xomm jumf vji nupiz epf fotj ov uav vu vji dupvsedvus et vji siqeost esi dunqmivif.

 

[SteveO]

Fu zua jewi e temit ehipv up vjot fiem?

 

[KyJoe]

Zit O jewi e wisz iyqisoipdif vuq ehipv. Vjisi ot epuvjis ehipv gus vji cazis, epf O jewi e modipti xjodj O jewi fotdmutif. Vji cazis ot gsun Tep Gseptotdu & qodlif vjot esie gus xjev iwis sietup. Vji cazis ot taqutif vu jewi e 800 dsifov tdusi. Ji ot qavvoph 10% fuxp up iedj ug vji qsuqisvoit, cav vjip qammoph uav vji 300l up vuq. Vjisi ot pu xez vjev vjiti qsuqisvoit xomm eqqseoti op nz uqopoup. Ov't dmies op vji dupvsedv xjev O hiv, epf vjev O qez vji dunnottoup up. O fu jewi e 1031 mexzis vjev O jewi atif panisuat vonit, epf xomm dupvedv jon. O hewi nztimg 3 nusi fezt egvis vji cazis't optqidvoup ot aq vu eqqsuwi us vsetj vji fiem ceotif up nz vey tovaevoup. Gsun nz uvjis 1031 fiemt, O en tasi vjev O xomm jewi vu caz e qsuqisvz gus vji tumf (sidusfif)qsodi. Og O katv detj uav, O en qsivvz tasi vjev O xuamf ipf aq qezoph deqovem heopt up vji siem heop, vji 300l xuamf tjux et ep iyqipti.