Please let us know if you finally do it!

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

Instead of jumping into an expensive Long Island market with negative cash flow, consider investing in a Texas market like San Antonio, Houston, or DFW suburbs—these areas offer strong rental demand, lower property taxes than NY, and better cash flow potential.

BTW behind Texas.When all forms of taxes are calculated (income, property, and sales tax), CA ranks below the middle of the nation in total tax rate.  

If you own them free and clear you will likely only pay for title and transfer tax on the market value of the property if you want them to be under LLC. 

Now I can see some builders having an issue with comps.. but other than that its crazy to take these funds as income and then pay tax and plow it right back in.. 

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

The big advantage is having the capital gains spread out over many years to avoid a huge tax bill.

No problem.. what I did with my ridgeland and Madison rentals and I had bought 12 new builds for the Gozone tax bene's post Katrina..

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.