It sucks but is the best way that I know to hit the fast forward button on your investing journey - especially in the current market.

I'm curious to dive deeper into the Santa Fe market and would love to learn from those with local experience.

Is there a local developer/builder who might be interested in the whole package?

Here is Chatgpt:Yes, you can generally get a tax deduction for donating real property, like a house, to a 501(c)(3) organization, but there are a few important details to consider:Fair Market Value (FMV): For tax purposes, the deduction is based on the fair market value of the property at the time of donation.

Trying to get a split level (not a lot of sqft) on the market in the next three weeks and trying to decide on whether to open the wall between the dining and living room for a feel of openness or leave it as I have heard from two interior designers that the open concept is on the way out as we are more at home and liking our separate areas in the home.Pragmatically speaking the opening of the wall will be mostly a time drain with it being a load bearing wall and having to support the ceiling while rebuilding and all the drywalling necessary.

However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.

-Interest rate of 5% is much lower than market interest rates. 7-8%+-There are no capex reserve considerations included. 5% is a starting point.

The area is rich in history and culture, and with ongoing investment and development in the neighborhood.

we build at or slightly below the average new build in our market where there is high absorbtion 

This strategic flip leveraged our market expertise and efficient deal structuring to achieve a quick and profitable transaction.