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<blockquote data-quote="Douglas" data-source="post: 602742" data-attributes="member: 8840"><p>Texasbred your are right from the buyers perspective. I was talking about the sellers needs. In the case i described above, the profits went from being untaxes (low income elderly couple) over several years to being 20% taxed in one year because of prepayment. That is a disaster from a tax planning point of view. You have to prevent that kind of thing by prepayment penalties, establishing an excrow to release the deed of trust, not selling, or looking for another buyer, etc. If i am a buyer i don't want any prepayment penalties either. Just depends on how much you want the property.</p></blockquote><p></p>
[QUOTE="Douglas, post: 602742, member: 8840"] Texasbred your are right from the buyers perspective. I was talking about the sellers needs. In the case i described above, the profits went from being untaxes (low income elderly couple) over several years to being 20% taxed in one year because of prepayment. That is a disaster from a tax planning point of view. You have to prevent that kind of thing by prepayment penalties, establishing an excrow to release the deed of trust, not selling, or looking for another buyer, etc. If i am a buyer i don't want any prepayment penalties either. Just depends on how much you want the property. [/QUOTE]
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