Hey All,Anyone know if a property used for Charitable Housing and is Non Profit considered commercial or residential when appraised..?

They are always looking for various strategies to get out of the real estate without incurring the income tax consequences.Here is a quick list of some of the more common choices that investors use to get out of real estate when they no longer want to manage property and/or deal with tenants:Seller Carry-Back FinancingNet Lease Properties (NNN or often referred to as triple net properties)Tenant-In-Common Investment Properties (TICs)Delaware Statutory TrustInvestment Properties (DSTs) Charitable Trusts (often referred to as CRTs)There are of course pros and cons with any type of asset class or specific investment.

Or you need to do the long game and set up for your Heirs.. or you can look at a Charitable remainder trust.. many of my wealthier clients have used that strategy ...

The most common use of a 501 (C)3 is a "CRT"  Charitable Irrevocable Trust.  

Additionally, a Charitable Remainder Trust and a Revocable Trust all work together in the family estate management game.A few aspects; One is that you had better trust those you put in the driver's seat, of an irrevocable trust as it's very hard to remove a trustee and you are not in control of the assets, the kids better love you.Secondly, real estate can be a real pain in a trust, the trust must be valued annually, many trust companies will not hold RE due to annual valuations (appraisals) and management, but some do and administration is higher than holding liquid assets.

I consider HFH to be one of the best "charitable" organizations in the country as far as effectiveness and efficiency.all cash

The lender is not being charitable.

Sounds like a rather charitable thing to do.....

Bill, that is a really good example of finding the good soft spot of a very particular seller (In this case, a charitable cause) combined with the right skills to execute it and you've got a successful deal.

Well, installments a good, but you can always transfer the property into a Charitable Remainder Trust, then sell on installments and the tax liability is reduced further by the gifting through the trust that allows you to keep more of the gain, depending on you bracket.