Would Someone Please Explain This Strategy.
Heard about this method but all the nuts and bolts to it are not known by me.
Create LLC
Roll 10, 15, houses into LLC
Use value of all homes divide by 27.5 years of depreciation then sell the deduction to an investor so he gets the write off. You get a lump sum of cash. The rest of it is sketchy like he gets his money back and you do it again rolling it back into the houses I guess for the next years taxes.
Comments(0)