|
UP / Thumb of Michigan | Another thing that doesn't get mentioned much here is selling the option to buy rather than the real estate right away. I knew a couple old guys who did that many years ago. They sold the right of first refusal for quite a lot of dough, and the option holder never did buy it in the end, another buyer did. A large strip mall sets on the land now. They said it worked very well for them, might be worth a look. I have no idea how it affects taxes, however.
Edited by pat-michigan 5/11/2025 08:30
| |
|
Moving the farm
