I am new to Real Estate Rehabing / Investment and need some advise.
For legal and tax purposes, I plan to have 2 corportations.
- Corp A - Will hold a property during REHAB period
- Corp B - Will hold a RENTAL property as a long term investment.
My goal is to REHAB the property and sell it from Corp A, but if I am unsucessfull in attaing a desired
price (profit), then I will place the property into Corp B and rent it out (for a long term investment).
My question is: How do I transfer the property from Corp A to Corp B without paying Transfer Tax again.
Are there alternatives that you can recommend.
This will be done in Philadelphia Area…