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Tax, SDIRAs & Cost Segregation
Account Closed
  • Investor
  • Burleson, TX
13
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Options for Ugly Houses under Life Estate?

Account Closed
  • Investor
  • Burleson, TX
Posted Feb 8 2016, 03:21
I was doing some driving for dollars research and found a property in definite need of work. I brought the address home to find out the tax record mentions that it is a Life Estate. Quick google search says "A life estate deed is a deed form used to transfer property to one party automatically upon another party's death. The life tenant's interest is called a life estate. The interest that passes to the remainder beneficiary is called a remainder" My concern is if the house is under an estate for the owner they may not be able to sell? Anyone do a deal with someone thing like this in place?

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