Unfortunately, this reassessment is unavoidable, so you’ll need to evaluate whether transferring the property is worth the potential tax increase.If a Transfer Is Not Feasible:If the potential property tax increase makes the transfer impractical, an alternative option is for your father-in-law to secure a Home Equity Line of Credit (HELOC) on the property.

Hi everyone,I graduated college a few months ago in Boston and tried to start my own business but it didn't workout and so I focused on Real Estate instead and passed my NV License.

You're project is small so expect a 20% fee. 

November to March tends to be the slowest leasing period so you are likely fighting that battle, but if you aren't at least beginning to receive more inquiries or having showings without tenants at minimum interested in a mid March/April move-in there are two potential issues: the home is over priced compared to competition or the property is inferior in condition.

The remaining $150K in this case is still eligible to be offset by any NOL from my rental properties from LLC #A.You already explained the basic idea yourself, so there is no need for us to do it. 

It felt reasonably if not underpriced to begin with and felt like I would lose an opportunity if I didn’t put in an offer for full asking price, they ended up being multiple offers the 1st day on the MLS, so I felt good about that decision.

@Cloey Green there are so many different ways to think about and evaluate markets.

I am on the lending side of things, so if you'd ever like to chat shop and options out there, let me know. 

Technically we should call it basis reduction, but the end result is the same: he owes tax on the entire insurance plus appreciation plus depreciation.

However, rates are not great right now so taking out the money necessary makes the monthly payback greater than what we could get in rent.