A trust transfer allows for smoother estate planning, and if inherited after their passing, the land receives a step-up in basis, reducing future capital gains tax.Each method has pros and cons depending on their estate plans and your long-term goals.

Permitted or not, you want 100% assurance the property is within building code standards for the year it was built, and for any upgrades/ changes - the years those upgrades were made; ie GFICs in wet areas currently, but not required in original construction back in 1950 when they didn't exist.sorry for not replying earlier, I'm rarely on this platformbest of luck on the project

.- Project Update: North Nashville Duplex- Why Should the Fed Cut Rates at All?

My goal is to transfer both the deed and the mortgage to an LLC.

My goals are to start building an investment portfolio of professionally managed (I could tell you all the reasons I will not do it myself) multi-family properties and, in time, develop a property in the Northwoods (Wisconsin/UP).

You could do things like outdoor speakers, waterfalls, etc.Visually, unless you are in an HOA or other restrictions, maybe you can hedge the backyard for added privacy.The goal for most people is to keep the property, not sell.

At the very least, it might be worth exploring partnerships that align with your goals.

Starting locally vs. out of state:I always recommend starting locally if it aligns with your goals.

You’re a Project leader.

I’m looking to invest in nearby areas, focusing on fix-and-flip projects and new ground-up construction.