Would this potentially trigger a tax reassessment on the property?

That's usually how most of us start.I hope this makes sense how I am describing it but feel free to ask anything else.

Feel free to message me about it!

I have another rental property free and clear and considered securing the funds by taking a mortgage out on it.

If you close in your name and transfer the deed after it is a SALE this can trigger the lender to call the loan, you can't get insurance to match the note and they check.

Feel free to reach out and we can set up a time to get together.

With this in mind, the individuals protected by this proposition may be more interested in moving, which will help free up some of the inventory and give buyers more options when it comes to purchasing a home.At first it seems like a good idea... till you get to the part where they increase property taxes.

It may trigger a come due on my mortgage so I am looking for information on that.

I know these are mostly gimmicks as they all claim to provide "free" information in order to bait you into paying for their insanely priced courses.

But it is a conversion from one rental to primaryOther alternatives to achieve the basis transfer would be to sell both and buy a new one but that would trigger income taxes and sales expenses that may be more than the tax savings from basis carryover.