., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

That way I wouldn't be subject to long term capital gains tax and save a decent chunk of change.Also, my understanding of gifts, in this case money, is that there is a yearly limit to how much you can give someone without having to fill out form 709.

I joined with the intent to surround myself with others in the field and build my confidence and understanding of the subject matter (:I live a disciplined lifestyle when managing my expenses and living below my means.

There are people who buy a longer term (12 months or more ) OPTION giving them a RIGHT to purchase a subject property, at a certain price, within a certain amount of time, and attempt to either sell the option for a higher price or close on a simultaneous purchase and sale to an end buyer paying a higher price.  

I would consult an attorney who specializes in this.Also, assuming the property is in California, if it wasn't subject to CA Rent Control, once it goes into the LLC, it might be.

Good you are researching this topic - I also love subject tos and have written a book on the topic.  2. 

Opinions vary widely on this subject, but consider getting a real estate license.

This had me thinking if I'm wrong and would like to start a discussion on the subject to see what ever one else does.

Their animal is still an animal and subject to typical animal rules.

At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no un...