- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Getting Your Money Out Of Real Estate As Retirement Nears
Posted on 2/5/25 at 4:15 pm to Nole Man
Posted on 2/5/25 at 4:15 pm to Nole Man
Your kids will inherit the properties when you die.
Why don’t they just give you a loan for whatever the properties are worth now and form an LLC with them, move the rentals into that LLC and have the rental income pay the loan???
You get the whole value of the properties without having to pay taxes???
What am I missing?
Why don’t they just give you a loan for whatever the properties are worth now and form an LLC with them, move the rentals into that LLC and have the rental income pay the loan???
You get the whole value of the properties without having to pay taxes???
What am I missing?
0
Posted on 2/5/25 at 11:12 pm to Nole Man
This reads to me why all the people moved from Ny/NJ to Florida back in the day. You buy a house for $20k back in the 1960’s in the metropolitan area. In the 80’s and 90’s you sell that house for $350k-$500k and you buy something cheap in Florida. You retire off the equity you amassed in the house combined with pension and SS.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News