Cities will over-tax investment properties of you let them!

More than likely you will have left over tax money to roll over onto other properties that you are invested in. 

Tax free ATM withdrawals are ALWAYS going to be favorable over taxable ATM withdrawals. 

I'll admit I had to be patient but the CPA I'm working with did end up saving me way more than what I paid and was really fun to work with someone that geeked out over taxes and planning.

We have looked into DST's/ 1031 but prefer liquidity over tax savings on this transaction.Thanks!

A common setup is to hold your rental properties in an LLC for liability and organizational purposes, then have a family trust own that LLC so the assets and income can easily transfer to your kids later without probate and with more control over taxes.

When traditional lenders push back due to location or taxable income, I’ve had success going a few different routes:1️⃣ Local credit unions or small regional banks, they’re often more flexible with rural properties and will underwrite based on global cash flow instead of strict DSCR metrics.2️⃣ Private or portfolio lenders, they’ll usually take the real numbers (actual NOI and stabilized rent roll) over tax returns.

Of course, investment considerations should always take precedence over tax considerations. - ie don’t buy a dog property to save taxes.While BP is excellent in many ways, I would caution you against accepting free advice from people you don’t know on BP when hundreds of thousands of dollars are involved.In my mind, better to spend $10,000 to get advice from someone who really knows this stuff.

I'm looking into lake houses or beach properties but our state is incredibly cost prohibitive and over taxed.

Many of my neighbors as well were over taxed.