39% of all properties purchased in 2022 were bought by baby boomers. Some of these savvy buyers are using these creative methods to get it done!

1. Create a family limited partnership (FLP): Establishing an FLP allows you to retain control over a property while gradually transferring ownership to family members. This structure can provide asset protection, tax benefits, and flexibility in the transfer process.

2. Conduct a sale with seller financing: Instead of an outright transfer, you can sell the property to your heirs using seller financing, allowing the heirs to assume the mortgage payments, providing them with an opportunity to own the property while minimizing upfront costs.  (Banking Rates).

3. Cash buyers commanded the largest share of the home sales market in 9 years. As the Spring market picked up and people who needed financing were foiled by rising interest rates, cash became King! Cash buyers represented 33.4% of transactions, far above levels hovering around 25% for most of the past 10 years. (Business Insider).

Let’s talk about using real estate as a vehicle for creating wealth for you and your family! Courtney 512-809-5495.