We asked a CPA for advice and they told us that if we can satisfy a transfer/sale of the property from my father in-laws name into ours, we would get a $250k tax exemption.With the tax year coming to an end, what other options do we have that will demonstrate a transfer of ownership to satisfy the IRS, but not trigger the Due On Sale clause with the mortgage?

Have yet to pull the trigger.

I would say, since HVAC triggers it, and your quote mentions bad habits of HVAC people, you should call an HVAC contractor.

I am looking to build a network, find a mentor and finally pull the trigger on an investment opportunity.

Did you pull the trigger?

We went to a million houses, had accepted offers on two houses - failed to pull the trigger on either - and finally about 9 months later bought the house at an auction with no turning back!

I've read a ton of books, have investor friends, and have almost all the tools in place to pull the trigger.

Another issue is, if you transfer ownership, you will trigger the due on sale clause, i believe.

Hello Bigger Pockets,I am about to pull the trigger on my initial offer and would like some feedback on multiple points of my offer before I do.

Having a significant amount of passive income can trigger the IRS to revoke the S election, making your corporation a regular C Corp, subject to double taxation and extra capitalization requirements.Unless you have a way of pulling in a significant amount of non-passive income into this S-Corp, I'd walk away from this deal.