LLC Tax Treatment - Can they advise on the best tax classification for your LLC (e.g., partnership vs.

Always down to connect further and see how I can help you out.

They can depend on the person and the property along with a multitude of other factors.

So whether you sell to their trust or to them individually it still has to pass from you in order to do the 1031.But even more you don't want to be in ownership when they pass so you can get the step up in basis and inherit the property tax free.

@Celso Rodriguez BRRRR works great in markets where you can buy homes around $200,000 or lower.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

Your house isn’t just your haven—it can be a financial asset too.

In my experience, you can purchase the existing home and the encroachment is grandfathered in, meaning the vacant lot owner can't force you to move it.

It can be a wonderful tool. 

So they can access the funds   Otherwise the assets will be locked in probate.