HI, I own a part share of a nice recently renovated house in North London, with other members of my family owning the rest, left to me in my fathers estate, with probate granted in 1999, as a tenant in common.

Investment Info:

Single-family residence other investment.

Purchase price: $490,000

This is a unique opportunity to participate as a investor in a single family residence valued at $3M and higher. Throug...

Investment Info:

Single-family residence other investment.

Purchase price: $490,000

This is a unique opportunity to participate as a investor in a single family residence valued at $3M and higher. Throug...

I can share it with you if you want. 

Congratulations, you get to share your partners tax burden and pay the depreciation recapture at ordinary income rates. 

Just be careful as often Note brokers are sharing assets that are not approved by the seller to share and the assets could be old. 

Nice work and thanks for sharing David!!

ThanksNo worries, sure happy to share. 

It’s always great to connect with others who share a passion for real estate investing.

Hi Kin,Transferring your share of the property to your brother may have tax implications, including gift tax if the transfer is considered a gift.