B
BostonInvest
Guest
Hi,
I'm new to the site but have a question...
What is the best way to deal with property owned by my grandmother in Campbridge. The property consists of 3 rental units and a number of garage and outdoor parking spots.
Currently she is at an assisted living home and her expenses are covered with the income from the home; however, managing it is a headache. Her Capital Gains would be a fortune (bought home for 100k now worth close to $1m) if we were to sell instead of just renting it and then selling upon her death and taking advantage of the stepped up basis.
What options do you guys think make sense?
I'm new to the site but have a question...
What is the best way to deal with property owned by my grandmother in Campbridge. The property consists of 3 rental units and a number of garage and outdoor parking spots.
Currently she is at an assisted living home and her expenses are covered with the income from the home; however, managing it is a headache. Her Capital Gains would be a fortune (bought home for 100k now worth close to $1m) if we were to sell instead of just renting it and then selling upon her death and taking advantage of the stepped up basis.
What options do you guys think make sense?