Since the trust is a disregarded entity, the benefit is bypassing  probate, not tax issues or liability concerns. 

I’m sure you won’t be verbally assaulted about how greedy you are Basically they were gifted $60-$120k tax free. 

He was a good guy” and his information  on buying at tax or foreclosure sales was realistic and doable. 

In simple terms, it says you shouldn’t pay more than 70% of the property’s After Repair Value (ARV) minus the cost of repairs.

In some cases, after running the numbers, I’ve even faced potential negative returns, causing me to miss out on promising deals here in South Florida.That brings me to my question: I currently own two homes—one is my primary residence, and the other is a rental property.

The property tax savings are going to be in the ball park of 40-60%, but to be safe you should double your expected repairs budget when calculating the NOI.If you have any other questions, or want a more in-depth response, I would love to help!

On your tax return you would report the proceeds, subtract costs and proceeds paid to seller, then the remaining profit would be your flat fee.

After 10, years they have paid $500,040 in just property taxes. 

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

This is also tax deductible.