I used what's left to mostly buy promissory notes.If, instead of selling and paying $75,000 in taxes, I am thinking I could have set up a CRT for, using GUESSED round numbers (GUESSED is the key here - that's where I need people who have actually done it to weigh in), would have had the following expenses:$5,000 to setup the CRT: I would have wanted to buy promissory notes, so I would have wanted to hire my own attorney, not use the free or cheap services charities offer to would be donors.$0 expenses for the gifted $30,000 (10%).

I have a couple of ideals but wanted to get feedback from the Family.1.Form an S Corp-or an C-Corp.2.Quick deed all the properties to the Corp3.Slowly pay myself and wife from the Corp1.Transfer the other 3 properties to the LLC2.DO a 1031 exchange with 75% of the money just pay taxes on the other 25%(need some pocket money)3.Buy some things to offset that 25%4.Donate to charity to offset that 25%

My question is, if I purchase a house in the nonprofit corporation using cash, would it be legal to get a HELOC from the equity in that house to purchase a rental property in a separate LLC to help pay for the recurring costs of the charity house?

I use upgraded drywall anchors (rated 50 lbs), rods that are 1" in diameter, and then pick up grommeted 84" or 96" curtains/drapes from a local charity shop or amazon.

I know some good charities that could use that money.2.

If you plan on passing your property to your heirs​​ or on donating it to a charity the 1031 exchange could be a great vehicle.

Making more room in your business plan for charity is great, but not as an indulgence payment band aid for your conscience. 

Are you looking to help any charities?

Also check out our charity we created @ Aheroshome.org I suspect you would be proud of our mission..  

We do this to make money so we can donate time and money to charity.