They can sell tax free.

Offer discounts for applying in a short time period or- offer a free application fee. 

Fire pit free for all. 

The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!

Here’s the context:The house appears vacant, with a large tree that has fallen on the property.From what I can see, the house seems full of furniture and might even be a hoarder home.I’ve skip-traced the property and found that the owner has unfortunately passed away.The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.Here are my questions:What’s the best way to approach the heir while showing my condolences for their loss?

Hope all of that makes sense but feel free to post with anything else. 

For me I am free pretty much always now:)

@Adriana Cortez$6k is insaneI can send you a free video on how to do this in 15 minutes AND 99.99% of people do not need a holding company.

Or that it should be free? 

Second pro is that you get to lower your living expenses or live "rent free" by having your tenants pay for your mortgage payment.