@Michael NugentIf you put the properties into a LLC(Single member) you will retain the suspended passive activity losses that you accumulated over the years.

The reason I ask is if there has been significant appreciation, she may want to retain title in the property so that you and the other grandchildren get what is called a step up in basis.

I intend to offer up 49% of the land so that I retain 3000 sq. ft. along with the original house. 

You will receive an Addict award along with a habit; as well as learning and retaining useful real estate information without struggling.We are considered to be the average of the 5 people we spend the most time with so connect with REIA meetings, accountability partners, and mastermind groups to engage with individuals interested in real estate investing.At the bottom of this page is a list with help in it.

It's most like the old double closing A-B, B-C in RE, but B can retain part of the rights of the note holder.

@Jennifer Bryan I would suggest negotiating with the seller to retain the account for a period and pay you any rental income.

If the Applicant is approved for occupancy but fails to sign a Lease or take possession of the property within 30 days from the date the holding fee is deposited by landlord, $500 of the Holding Fee shall be retained by Landlord as liquidated damages.Applicant acknowledges that the Holding Fee is NOT a security deposit.

I would have to charge a minimum retainer fee because it wouldn't be worth it to me even at the full 3%.

Longer if heirs start fighting and facts are muddy.The option fee can also be used to retain a lawyer.

Due to damages exceeding the security deposit all funds will be retained by Foundation Property Management, LLC.