High taxes.

What about the utilities, property taxes, maintenance and repairs, capex, etc. are any of those optional for you?

You’d also make all future capital gains at least partially taxable instead of tax exempt by converting your primary to a rental.

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

It is one of the more afforable markets right now, but I would pay for someone to manage your properties and run a credit score check and other procedures haha.

@Pratik as @Neil Narayan mentioned, cash flow is very challenging due to the property values, property taxes, and soft rental market.

He was a good guy” and his information  on buying at tax or foreclosure sales was realistic and doable. 

Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.

There are also 'mezz' lenders (typically for larger transactions) who will cover up to 90% CLTV and require you to bring the remaining equity to the deal, and additionally there is Gap Funding in the form of unsecured personal debt.The latter can potentially be the most expensive option, but allows for true 100% financing as there are no restrictions for how to use these funds, as they are unsecured, and generally obtained through personal credit, income etc (since there is no collateral for obtaining these funds).

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party.