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Updated over 6 years ago on .

User Stats

301
Posts
122
Votes
Alan DeRossett
  • Investor
  • Thousand Oaks, CA
122
Votes |
301
Posts

Private sale to living trust Property Tax Reassessment Concern.

Alan DeRossett
  • Investor
  • Thousand Oaks, CA
Posted

Would like to buy direct from other owner (No Real Estate Commission) with living trust money's but need to hold property in living trust not my name or get hit with high property taxes increases.  No loans or refinance (Private money) so all rents are our own. Need to preserve property tax assessment and have no need to borrow. Can a new property be purchased within existing living trust without new assessment on transfer?