Taxes are a big consideration.
Federal capital gains are only between 5% and 15% . Yet when you add state taxes, that can amount to a hundred thousand or even more.
If you seller finance you can defer some or all of that taxes, and if you roll the taxes to a year with less income you can even eliminate those taxes all to gether.
Keep in mind, besides not sending the money off to the government, you are also going to get the additional interest income one that money.
I am talking to one lady, and originally we were asking her to take back 10% or $100,000. She realizes now that her taxes are about $100,000. Buy taking back a $600,000 mortgage she will be defering almost all of those taxes and will earn an extra $7000 a year on the note, this is income earned on money she would have sent to the government.
Any way your personal situation will determine the right course of action.
Call me direct at (866) 404- 2898
My name is Rich Littlefield wishing you a blessed day!
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