Tag
seller-financing
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Inherited rental property in Kansas: what to do
Inheriting a Kansas rental means four decisions: confirm probate status, assess tenants, understand your stepped-up basis, and pick a sale or hold path. Many heirs who sell do so within 12 months, often as-is.
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Seller financing math: a real Wichita 16-unit example
Selling a multifamily property for cash recognizes the full gain in year one. Carrying the financing under IRC Section 453 spreads capital gains across the note term, smooths bracket exposure, and adds 7% interest income on the carried balance. This walks through the trade-offs on a representative Wichita 16-unit.