Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Trevor Mork
0
Votes |
1
Posts

Parents selling house under LLC to child strategies?

Trevor Mork
Posted

My wife's parents have a house that we are renting that they wish to sell to us. The house is currently owned loan free under a sole  proprietorship llc. What options might there be to help them/us pay as little in taxes and transfer costs? We would need to borrow aprox $140- 200k to purchase after putting 20-40% down. Her parents have not lived in it for the 2 of 5 years to deduct capital gains.  

Just looking for the option that might cost the least to transfer.

Options as I see them (Traditional purchase with mortgage, Owner finance, Purchase the LLC from them leave deed in llc name) Any advice would be appreciated.

Loading replies...