Alternatively, transferring the property to a revocable trust provides income for your parents, avoids probate, and keeps you as a beneficiary, but it doesn’t allow for a 1031 exchange and could trigger gift tax.Focus on aligning the structure with your goals, whether for immediate reinvestment or estate planning, and ensure compliance with Connecticut laws.This post does not create a CPA-Client relationship.

Option C (selling) simplifies finances and provides a large lump sum (~$270K), but triggers significant capital gains taxes, potentially increasing Social Security taxation and Medicare premiums.

For example; young professional may trigger higher demand for smaller units.

But how can you transfer a property into an LLC later without triggering the due-on-sale clause?

Your best bet is to get on the phone, get multiple opinions, multiple quotes, and make decisions on the type of build before pulling the trigger.

OOS investing is good as well, but get to know your city you are looking in before pulling the trigger! 

Not sure if you pulled the trigger, but I was nervous to go from LTR to MTR.

Then if it grows and an opportunity presents itself in real estate then I may consider pulling the trigger on a new deal.

The assignment agreement addendum was signed a few weeks into escrow.I was not worried that this would trigger the seller to back out.  

I have a Freddie Mac mortgage, so if I make this transfer, would it trigger the due-on-sale clause, or would the mortgage company allow it as long as I am the sole owner of the LLC?