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Updated about 11 years ago,

Mark Updegraff's profile image
Mark Updegraff's profile image
Mark Updegraff
Agent
Property Manager
  • Investor
  • from Rochester, New York
  • Member since Feb 4, 2010
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Mark Updegraff's profile image
Mark Updegraff's profile image
Mark Updegraff
Agent
Property Manager
  • Investor
  • from Rochester, New York
  • Member since Feb 4, 2010
Connect
Mark Updegraff
Agent
Property Manager
  • Investor
  • Rochester, NY
647
Votes |
1,368
Posts
Tax, SDIRAs & Cost Segregation

Questions on Purchasing an existing LLC that hold RE

Mark Updegraff
Agent
Property Manager
  • Investor
  • Rochester, NY
Posted
If you purchase an existing LLC that holds real property do you avoid transfer tax? Do you keep the existing basis? If anyone has done this an can elaborate on The pros / cons I would appreciate it. I'm going to consult some professionals as well and will report back any findings. Happy Holidays!
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