Dustin

Automobiles and campers, and I don't even like camping. So all we have left now is our primary home, and we do have a vacation home. And what we want to do is sell our primary home and move into the vacation home, which we like better anyways. And basically the net proceeds from selling our main house will pay off our vacation home, which will become our primary residence.

Great. Yeah. So we're ready to go. The problem is I bought the vacation home prior to our marriage and I unfortunately bought it from a friend. He's carrying the note. And when I kind of brought up to him, you know, excited that, hey, I'm going to have a big, big check for you.

Great. Yeah. So we're ready to go. The problem is I bought the vacation home prior to our marriage and I unfortunately bought it from a friend. He's carrying the note. And when I kind of brought up to him, you know, excited that, hey, I'm going to have a big, big check for you.

Great. Yeah. So we're ready to go. The problem is I bought the vacation home prior to our marriage and I unfortunately bought it from a friend. He's carrying the note. And when I kind of brought up to him, you know, excited that, hey, I'm going to have a big, big check for you.

he kind of pushed back and, you know, he's kind of saying he wants to spread his capital gains tax over the 10 year note that we'd agreed upon at the 4% interest rate and kind of just, you know, park his money in that investment. So my question is, how do I how do I do this? I don't want to burn a friendship.

he kind of pushed back and, you know, he's kind of saying he wants to spread his capital gains tax over the 10 year note that we'd agreed upon at the 4% interest rate and kind of just, you know, park his money in that investment. So my question is, how do I how do I do this? I don't want to burn a friendship.

he kind of pushed back and, you know, he's kind of saying he wants to spread his capital gains tax over the 10 year note that we'd agreed upon at the 4% interest rate and kind of just, you know, park his money in that investment. So my question is, how do I how do I do this? I don't want to burn a friendship.

My wife wants me to just slap a check on his desk, but she doesn't have to play golf with him on Saturday morning. So I'm not really sure how to approach this conversation without, you know.

My wife wants me to just slap a check on his desk, but she doesn't have to play golf with him on Saturday morning. So I'm not really sure how to approach this conversation without, you know.

My wife wants me to just slap a check on his desk, but she doesn't have to play golf with him on Saturday morning. So I'm not really sure how to approach this conversation without, you know.

No, we did it all legit. We went through a title and escrow company, and we drafted up a purchase agreement. And basically, it's just a loan from him, basically. You know, I did a 20% down payment with him, and I do pay him, you know, basically as the bank. But I am on the title, the deed, all that stuff.

No, we did it all legit. We went through a title and escrow company, and we drafted up a purchase agreement. And basically, it's just a loan from him, basically. You know, I did a 20% down payment with him, and I do pay him, you know, basically as the bank. But I am on the title, the deed, all that stuff.

No, we did it all legit. We went through a title and escrow company, and we drafted up a purchase agreement. And basically, it's just a loan from him, basically. You know, I did a 20% down payment with him, and I do pay him, you know, basically as the bank. But I am on the title, the deed, all that stuff.

Yes. Correct. And I wish I didn't do this because now I'm in this situation. But, yeah, basically when I brought up to him that, you know, you know, I own about five hundred thousand and, you know, I have the ability. Well, we'll once we sell this primary home to pay him off. But he just doesn't sound very excited about it.

Yes. Correct. And I wish I didn't do this because now I'm in this situation. But, yeah, basically when I brought up to him that, you know, you know, I own about five hundred thousand and, you know, I have the ability. Well, we'll once we sell this primary home to pay him off. But he just doesn't sound very excited about it.

Yes. Correct. And I wish I didn't do this because now I'm in this situation. But, yeah, basically when I brought up to him that, you know, you know, I own about five hundred thousand and, you know, I have the ability. Well, we'll once we sell this primary home to pay him off. But he just doesn't sound very excited about it.

He wants to just go per the terms of our agreement, pay it off over 10 years so he can, you know, expense that capital gains over the 10 years rather than.

He wants to just go per the terms of our agreement, pay it off over 10 years so he can, you know, expense that capital gains over the 10 years rather than.

He wants to just go per the terms of our agreement, pay it off over 10 years so he can, you know, expense that capital gains over the 10 years rather than.

Well, he said that was for, yeah, so, well, it does, because he has to pay tax on the interest portion of it, I think, and then, you know, on the principal, he's, you know, it's capital gains rate, I believe, because it was paid off, you know, for him.