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Updated 9 months ago,
Real Estate Planning
My father owns (3) 2 family units. Son and daughter manage the properties. He does not want to deal with the properties anymore and wants to transfer them to our name. Im not sure if that's a good idea. Son and daughter would like to grow his real estate portfolio and manage all aspects without having to have fathers signature for every move. Father lives out of state. We basically want to take over the properties and buy more rental properties. Which would be the best way to structure this while avoiding tax charges? For example, Inheritance tax, capital gains tax ( not planning on selling but just in case), etc. do we create an llc within a trust or do we create a corporation. my accountant recommended a c corp and doing a title transfer but from the research I've done the leaves us liable to capital gains tax.