After several years investing as an accredited investor, I’m moving to building my own portfolio of SFH and small multi-family that I control and add tax and passive income benefits for additional investing.

Not a big deal, but it is free money anyway.

I am literally in a sticky situation with the seller because she owes some back taxes on her property.

Although if you paid cash, youre always free to forgo insurance and assume the risks yourself.

So transferring properties with existing mortgages into an LLC without selling them to the LLC is a common strategy for most real estate investors seeking to protect personal assets and possibly enjoy certain tax benefits.

Feel free to reach out if you need any help.Best of luck!

How does the property tax work if I live in CA and want to purchase out of state? 

But it seems that property taxes will increase extraordinarily high next year and coupling that with expensive home owners insurance.

The property has since increased 82% in value, we use it frequently as a family for vacations and weekend get aways, greatly minimized my RMD requirement, break even each year on my taxes, etc.

Here is why there are no responses to your question: it's tricky.Prior to the 2018 tax reform, there was a deduction for personal moving expenses.