gm - finance friday time.

I need help. I feel like this type of talk goes largely undiscussed due to the taboo of potentially selling bitcoin but maybe this helps someone else out in a similar situation too so why not make it public.

I'm buying some land to develop and now in a 30 day due-dilligence period. I have 30 days to figure out the best way to finance the deal without selling corn and incurring a big cap gains bill at the end of the year.

The down payment needed represents a single digit percentage of corn holdings. My first purchase in 11 years of holding and the property is where my daughter will be going to school for the next 13 years.

I own another home which i am not selling (yet) and i have no mortgage either - this house is worth slightly more then the down payment i need to come up with.

So my problem right now is plenty of assets and a lack of lenders to borrow from. My primary bank won't even do HELOC's (Chase). Lenders like Ledn.io charge about 13.4% to get just a 12 month loan. There are a couple other "crypto" mortgage lenders out there but seem too unproven to trust.

Any other creative ideas i'm missing to use OPM (other peoples money) to finance the deal to avoid the cap gains?

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If you have a fiat 401k you can always borrow up to 50% of that and then pay yourself back at like a 1% interest rate. This is how I plan to finance a chunk of my house down payment.

Good advice. No 401k here but helpful.

Take the expensive loan for the short term, open up the corporate entity deposit, corn into the corporate entity, and then have the corporate entity buy the property from you.

Morning😊☕

Are you currently working? Married?

yes and yes

Sell on Bisq amd dont report it.

Not looking to commit tax fraud.

Just to follow up with my own thread. I'll keep who suggested it private but someone gave me a lead on using Discover for a HELOC. Tentatively approved just waiting for underwriting to review my docs - they're reviewing me for $300k (max amt) for 30 years @ 6.650% APR. I'll likely cover whatever isn't provided by this 300k by direct corn sales but it should substantially lower cap gains sales and delay corn sales as much as possible.

Thanks to everyone who chimed in with suggestions.