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Updated over 9 years ago on . Most recent reply

Account Closed
  • pittsburgh, pa
1
Votes |
18
Posts

Tax increase and multifamily

Account Closed
  • pittsburgh, pa
Posted

So the current appraised value of a property I'm in contract in is 1.8mm but my offering is 2.5mm. If I buy the LLC ill have to use the current depreciation schedule costing me thousands a year and in recapture taxes, but if I buy the property outright property taxes will cost me and extra 30k a year. Do I have any other options? Thanks!

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1,314
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Rob Beland
  • Investor
  • Leominster, MA
587
Votes |
1,314
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Rob Beland
  • Investor
  • Leominster, MA
Replied

Why are you paying $2.5M for a $1.8M property?

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