, i have a question and i hope I'm posting it in the right place. so, one of my mentors in this business is considering selling his portfolio as he is 'up in age' now. after many discussions about his exit strategy he told me today that he has an offer on the table on the table right now. someone wants to buy al his properties. he doesn't want to sale and pay all the capitol gains taxes, and thereby lessen the estate he would leave to his only son. there are 60 b- c+ units across 2 cities. no mortgages. no vacancies. is there a strategy that will allow for a transfer to a new owner without the big tax hit?

Rather than get all fancy with setting up a LLC or trust and then transferring the properties into that, I'd start by just checking with other insurance companies until you find one that can accommodate your amount of properties. 

The deed then transfers to the new owner.

Adam Wright has been helping coordinate a Fort Worth meetup that you might find interesting on the second Saturday of each month...you are welcome to join as well!

I know transferring title via quit claim deed can trigger "due on sale" however my question is if that happened could you just quit claim the property back the way it was to settle the "due on sale" clause?

It also involved a lot of coordination for getting everything we needed ahead of time and scheduling electrical and plumbing work that I needed help with.

Basically, from a liability standpoint I would imagine both the builder and the developer would be liable.Having said that...I would approach the situation as follows...Have the builder provide a transferable 1yr warranty to you covering all of the work they performed.

In states where title is transferred, the borrower still has equitable interests and redemption rights, so you can still be on a hook if you don't try to obtain the amounts due.

There are other methods, such as credit cards that offer introductory rates for balance transfers.

However, once the deposit is made, I transfer the money out into two separate accounts....one that goes to pay the mortgage and the balance in my emergency fund.