Replaced the aging roof, renovated kitchen, bath and mud room. relocated laundry to basement freeing up precious space in the home.

There could be tax benefits in waiting a few years for the bulk of the money.

I cannot find the owner as the address tax records are in an llc with no contact info and the office address on the data doesn’t exists.  

#1031exchanges #taxes #capitalgains #planning #myths

For example, I could DIY things and record it being done for taxes through my handyman business.

View the CA Probate Code link for a better understanding: https://leginfo.legislature.ca.gov/faces/codes_displaySectio....Yes you can purchase any probate property (to my understanding) without the confirmation process.Just remember that the nominated Executor in the will would have to possess Letters Testamentary.If there is no will then the Administrator would posses Letters of Administration.For free probate leads this is he webpage I use for N CA (certain counties) and can also be used for Arizona (Maricopa County only) https://www.legaladstore.com/frmMain.cfm or find potential probate leads from this publication: https://www.recordreporter.com/rrhome.cfm?

Hello,  if I purchase a rental property in Miami this year and close under my name, and then transfer the title to a LLC the same year, do I need to anticipate TWO times the property tax hike for next year?   

b) How do the taxes work? 

Now take that and add the new inspection requirements and higher commercial property taxes. 

Feel free to shoot me a DM any time.