This is because the transfer to the LLC is considered a change in ownership, which prompts a reassessment based on the fair market value at the time of the transfer.Admittedly, property tax implications are not my area of expertise, so I strongly recommend consulting with a local real estate attorney or tax advisor for precise guidance tailored to your situation.Additionally, if you need property management services for multifamily properties in Miami, Curbelo Capital Management specializes in this area and would be happy to assist you.Best regards,Diego Curbelo

Using basic risk vs reward metrics, you're increasing your risk by allowing an adult to be in the property and not a responsible party to the lease, but you get no additional reward.

With over 20 years in real estate and having completed more than 3,500 transactions, I can tell you it's a rewarding journey.

That's when the rewards are sweetest, Aaron.

They involve teams with complementary expertise.

Instead, I'm interested in gaining experience and learning from your expertise.

All about risk and reward.

The combination of lower interest rates, accelerated amortization, and the income potential from renting out spaces within your property can set the stage for remarkable wealth generation.And for those taking the plunge into first time homeownership or those implementing the buy-one-house-per-year strategy with primary residence financing, remember that strategic moves today can lay the foundation for a robust and dynamic real estate portfolio tomorrow.Here's to unlocking the full potential of your real estate ventures - may they be as rewarding as the strategies you employ!  

I know a lot of college professors that don't teach anything worth a damn in the subject they claim as their expertise.

Their expertise will be invaluable in making informed decisions.