It gives you something to fall back on if the real estate market hits a major dry spell.

. $$$ drying up?

When allowed to dry, it contracts.

cap gains on this sort of stuff is not so cut and dry and you might not get hit so hard with it if you or your accountant knows what to do with the money before the sale and after the sale.what you think might be a cap gain on 120k, might turn out to be 80k etc...talk to your CPA.

Now if you put a property into a Inter Vivos Land Trust and then assign your LLC as a beneficiary then your trust is basically a dry trust already and provides no protection.

I have thought about doing this because the deals seem to have dried up in my area recently.

Fast forward, the assessor going through deed transfers sees that I paid alot less for the house and shows up in the gutted kitchen asking questions about the value to the dry man of all people.

It should be fairly easy, cut and dry.....the lien holders will take your price or not.

You will also need to pay for the labor to cut out the windows, frame the window, install, insulate, dry wall it and paint it.

If there is no rot and termite damage as you stated the window and sill is still good you just have to stop the leak.