An SBA loan requires to fund the downpayment with 10-15% of the loan. We are talking about $500k to $750k which I have, but it is invested.
Right now, NW: $1.5M (not accounting primary residence):
\- Rental property $150k equity (rental income is positive)
\- 401k $550k
\- brokerage account $800k
If I sell from brokerage I am going to be blown next year with taxes although they are long term capital gains.
My thought here is to try and maximize the loan (lending) from 401k program (which I won’t be paying taxes), and then support the funding with the brokerage account.
Thoughts or any other ideas? Any other option to minimize paying taxes next year?