While gifts exceeding $18K per year (2024) require filing Form 709, they don't create an immediate tax, but the IRS may scrutinize this as tax avoidance.Tax-Saving Alternatives:Prorated Section 121 Exclusion – If you lived in the home part-time, you may qualify for partial tax exemption.1031 Exchange – If your share was an investment property, reinvesting the proceeds defers capital gains.Installment Sale – Spreading payments over time may reduce your tax bracket.Adjusted Basis Review – Factor in capital improvements and selling costs to lower taxable gains.This post does not create a CPA-Client relationship.

Sale price: $175,000 Key Features & Upgrades-New roof, fresh interior & exterior paint-Luxury Vinyl Plank (LVP) flooring throughout-New doors with updated locksets-Rekeyed locks & updated hardware-New kitchen cabinets & quartz countertops-Updated bathrooms with tiled tub surrounds, new vanities & toilets-New light fixtures & mini blinds-Full HVAC replacement (686) & condenser/A-coil (688)-New water heaters, plumbing updates & landscaping

If we do a full rebuild, are retail shops the most profitable? 

When you buy a property at a time, the risk from the uncertainty is small.

I make it back a few times a year to Rochester as I still have family there.

I'm pretty sure every cleaner everywhere hates making bunk beds, as that adds time and complexity  There will be extra hair and possibly more if you allow pets. 

Time and time again we see flippers who are cutting corners, hiring unlicensed contractors, and don't have a paper trail from their projects.Why is this so important?

Selling means giving up an incredibly cheap cost of capital, especially in an appreciating area like 28277.I direct my investors to 28277 all the time for appreciation-focused plays.

Please let me know what you think.thank you for taking the time to read through this. 

As I speak to I have full closing on them, an attorney does a review and completes the C4D.