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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: Riskmgmt who wrote (2610)11/27/2017 11:39:49 AM
From: John Pitera  Read Replies (1) of 2722
 
Thanks for that risk,

I could see the Columbia law.edu citations were talking about the 1953
Date of construction or sale.

I found it interesting that the tax code left wiggle room for real estate owners to act in good faith. When potentially renting out their primary residency.. And yet if the intention is to sell it ultimately then the tax free transfer still applies.

This is directly related to some real estate we have been looking to
But that is owned by an an out of state trust, and I. And we are attempting to understand if these properties which have been on the market over 500 days. With no one looking at it.

We are trying to determine if they actually really want to sell it.

I suspect, the beneficial owners have no interest in selling, but are nominally listing it to comply with some tax law......

In good faith, they are "trying" to sell it.

John
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