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Updated about 1 year ago on . Most recent reply

User Stats

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

inherited trust want to buy out sister and retain low prop 13 tax basis

Alan DeRossett
  • Investor
  • Thousand Oaks, CA
Posted

Hi, I will inherit a multi-family property with no current mortgage and 4 Rents as income along with my Sibiling. She wants to sell to me. But want to retain my Fathers' Prop 13 low Tax basis when transferring ownership under California Prop 19 im told by the County tax accessor i can what's the best type of loan to buy my Sister out. The Property Tax would be $16k more buying identical property next door so want to retain Prop 13.. This is Ventura County but no VC option on Bigger Pockets Personal Finance forum

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