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 !  

Also, I'm not sure how you're paying attention to it on the tax side, but the unit that you are living in's profit at sale is calculated differently than the other unit that you're renting out.Once you move out, that unit is officially available for rent so from that point forward, any profit gained at future sale will be calculated starting from that point and will be taxable.

If you fail, you can raise capital for my projects and will give you another Co-GP title. .......Or you can organically grow your real estate portfolio and credit worthiness &  keep the $30K. 

To the company’s credit, the site appears functional and impressive.More about Norada Capital Management, Norada Real Estate Investing Marco Santarelli and the infamous CFO, Ron Fossum:Mr.

But we dont go down the chain to see if the roofer is paying his shingles bill though /  Having Subs you can trust is paramount in this business.. cheap is not always what you waant you want subs that are making money and pay their bills and have credit..

At least, if you don't want issues down the road tax wise and if the government finds out it could cause some serious legal issues.

Income would be from hunting dues and timber harvesting, expense would be conservation management, taxes, and the mortgage.

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