Family Rental Property Purchase or Donate?

[Chuck Toney]

My parents are looking to donate or sell a rental property to me and my sister and I'm trying to figure out which would be best. I plan on taking out a loan on the property (which is paid off) in order pay down debt and potentially place a down payment on another piece of property. Which would be easier and make more money sense, buy it from our parents or have them donate it and take out a HELOC on it? Thanks for any advice!