Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

In doing so, bear in mind that the cost and admin of a corporation is higher and that the tax treatment is different:1.

@Helena Goyvaerts it will be tough without 2+ years of USA tax returns showing you are profitable.Higher interest rates have negatively affected most lenders and many of them are getting more aggressive with offering more flexible programs. 

Have you passed the tax assessment yet, or is this your first year of owning it?

If you are willing to entertain areas outside Gainesville, you should look into areas like South Fulton, Forest Park ( lots of lower priced inventory) Jonesboro, and College Park to name a few.

Some assets can be valued significantly lower than their actual worth because of illiquidity and other factors.

Is an IRA subject to capital gains tax?

Any advice on what setup is easiest and most tax advantaged?

Or if you want to swap higher returns for lower maintenance you can look in to FIG (fourplex investment group_.

Again, consult your tax accountant.