Tax increase and multifamily
So the current appraised value of a property I'm in contract in is 1.8mm but my offering is 2.5mm. If I buy the LLC ill have to use the current depreciation schedule costing me thousands a year and in recapture taxes, but if I buy the property outright property taxes will cost me and extra 30k a year. Do I have any other options? Thanks!
Most Popular Reply
Why are you paying $2.5M for a $1.8M property?