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What To Do If You Inherit Real Estate | Ep. 509

What To Do If You Inherit Real Estate | Ep. 509

Released Saturday, 16th March 2024
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What To Do If You Inherit Real Estate | Ep. 509

What To Do If You Inherit Real Estate | Ep. 509

What To Do If You Inherit Real Estate | Ep. 509

What To Do If You Inherit Real Estate | Ep. 509

Saturday, 16th March 2024
Good episode? Give it some love!
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Today is your lucky day... you're inheriting a $10M real estate portfolio. 

Lets say an estranged uncle of yours has passed away, and you're the next of kin. He has left you his entire $10M real estate portfolio... what now?

One of the first things you need to do is decide if you want to be involved in real estate at all. Looking at a $10M portfolio, depending on the class and doing some estimation here... that's about 70-100 units. That's quite a lot of units and residents to manage, especially if you have ZERO interest in real estate. 

So, naturally you sell it right? Well if you do this, there are certain tax implications you'll want to keep in mind. Well, what if you want to keep it? Are the properties already being properly managed? What kind of work will be required of you, the new owner? 

Whether you want to sell it, or keep it... your life just a got a bit more complicated. So, what do you do if you inherit a $10M Real Estate Portfolio?

Find out on this week's episode of Multifamily Investing Made Simple, In Under 10 Minutes. 

Tweetable Quotes:

"If you're listening to this and you're in the situation and you're like, what do I do with this? Talk to your CPA and try and figure out how maybe the 1031 could actually help." – Anthony Vicino

"I'd say keep it. Let it ride. Get the cash flow. Use it as an asset. You can extract equity through a refi at some point." – Dan Krueger


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