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Updated almost 7 years ago,

User Stats

15
Posts
2
Votes
Mason Lopez
  • San Angelo, TX
2
Votes |
15
Posts

I own 1 acre and want to lease part of it

Mason Lopez
  • San Angelo, TX
Posted

My parents own 1 acre. There is a good 1/4 of that land that isn’t being used for anything but holding trailers for a family member in which he pays almost nothing for. It can be modified for more usage if we move the fending around. 

I don’t want to disrupt this exchange of money by being legalistic, I Just thought there is a way to transfer the property into a legal entity and start to take advantage of those tax benefits!

Can anyone shed light on this for me? 

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