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Real Estate—Bargain Sale

Bargain Sale of Real Estate Diagram. Description of image is listed below.

How It Works

  1. You sell property to Gordon for less than its fair-market value—usually what you paid for it
  2. Gordon pays you cash for agreed sale price, and you receive an income-tax deduction
  3. Gordon may use or sell the property

Benefits

  • You receive cash from sale of property (sale price is often the original cost basis)
  • You receive a federal income-tax deduction for the difference between the sale price and the fair-market value of the property
  • Gordon receives a valuable piece of property that we may sell or use to further our mission

 

Contact Us

Dan White
Director of Development
(978) 867-4843
dan.white@gordon.edu

Gordon College
255 Grapevine Road
Wenham, MA 01984

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