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Updated about 9 years ago,
Parents Rental Properties
My parents right now currently own 5 multifamily rental properties and are at the point in their life that they are starting to consider selling them one at a time. My brother and I want to buy from them and obviously they would love to sell to us. My question is what is the best way as far as avoiding paying the highest taxes for both parties to make this transaction? My parents have the properties completely paid off and are not in need of the lump sum. I can provide any details if needed. Any advice would be appreciated.
Thanks,
Trent