Splitting the gift across multiple years may reduce immediate tax reporting but requires appraisals, legal documentation and proper structuring.If the house is highly appreciated, holding it for inheritance may be more tax-efficient because the recipient would receive a stepped-up basis to the FMV at the time of your passing, eliminating much of the capital gains tax liability.This post does not create a CPA-Client relationship.

Eliminate debt, establish a budget, and save.

For RE owners, death allows you to pass assets to your heirs and step up in basis, effectively eliminating recapture.

Real Estate is THE BEST way to decrease/eliminate your tax burden.

Eliminate debt, establish a budget, and save.

It eliminates the need for juggling multiple tools or platforms, making managing finances much more efficient.With two properties, I think Baselane is probably the best option for you.

Using a 1031 to upgrade to a two-family could help you reduce or eliminate the $1,000 out-of-pocket expense you’re paying now.Also, condos often come with HOA fees that limit cash flow, so be mindful of their impact.

This eliminates the need for a key and it prevents a tenant from ever locking themselves out.

My investors acquire with cash as a routine investment strategy to secure properties quickly and eliminate competing buyers using financing.

As Randall stated, pretty much every county eliminated property tax valuations fights 5-10 years ago.