https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

We also got them to have it professionally cleaned, ducts cleaned, they threw in some furniture for free, paid a lot of the closing costs that buyer usually pays, paid most recent mill levy instead of prior years taxes, paid my 2.8% commission, etc. because it is a buyers market and that's what you can negotiate in a buyer's market. 

A couple questions:1) Has anyone worked with local lenders like a local bank or credit union?

Sellers can avoid paying transfer taxes to the county, while buyers are spared from facing significant property tax increases.However, it's important to note that lenders typically only approve these loans for properties with five or more units.

THere is a loan I have seen folks using in the past... not sure if it is still available but it is the MACU90 loan with mountain american credit union and it is a 10% down investment loan.

If you do place the property in her name, you've got a Gift Tax (Form 709) to complete. 

And of course we're in agreement on consulting a tax pro.

Despite the equity We also want to take advantage of tax advantages we did stay in the property for 2 years !  

Hi All, any input on renovating a house and possible tax exemptions under an LLC?

Point Breeze has numbers to back up the hype, big reason is that it has exploded by  Ori Feinbush from OCF who can be credited with blowing that neighborhood up, as he is doing with Grays Ferry, specifically evident of the properties closer to 25th street and even more so as you get to close to Washington where you see similar values and new builds as you do in Whitman and Pennsport (just the southern part really a few blocks north of Whitman, you're on point that the rest of Pennsport is better).