[quote=rasaid111]If I understand your response, I don’t need to pay taxes immediately, I can wait to sell the house and pay the taxes and 3% interest. right?
For you how much money could you receive after all expenses if you sell the house for $3.5 instead 4
Thanks again[/quote]Take $3.5M, then subtract ~53% for taxes. You can then round down to the nearest hundred thousand to for fees/penalties/etc. I’m guessing $1.5-1.6M? If you invest $1.5M lump sum in a long term CD making say 3% over 20 years, you’ll have ~$2.7M after 20 years. That sounds better than $2.1M if you take the monthly cash payment. Increase that rate to just 4% gets you $3.2M after 20 years. Still very conservative estimate for a 20 years average, IMHO. Considering ~7-8 years ago, you can find CDs in the 6-7% range.
