Alternatively, transferring the property to a revocable trust provides income for your parents, avoids probate, and keeps you as a beneficiary, but it doesn’t allow for a 1031 exchange and could trigger gift tax.Focus on aligning the structure with your goals, whether for immediate reinvestment or estate planning, and ensure compliance with Connecticut laws.This post does not create a CPA-Client relationship.

Mid-quarter convention: This applies if more than 40% of the basis is placed in service in the last quarter, limiting first-year depreciation.This post does not create a CPA-Client relationship.

You'll learn far more there than you would networking.

This post does not create an attorney-client or CPA-client relationship.

I am looking to network on here and learn a lot from you all !

You are in the right place if you are looking to learn, network, or begin taking deliberate action (like finding and analyzing deals) in your real estate portfolio. 

To make an informed decision, run the numbers, investigate HOA rules, start networking, save strategically, and explore suburbs with affordable homes.Good luck!

I've shared with my clients and the investors in my network and happy to shoot over via email if helpful!  

I have a senior living project with entitled land ready for development, and I’m exploring options to attract investors who would see the value in this growing sector.If anyone has experience or can recommend a specific approach or network in our area that would be worth exploring, I’d appreciate the insights!

Your LLC that flips might need to be S-Corp eventually.This post does not create a CPA-Client relationship.