Hidden Way to Profit From Your Property - Donating the Property
If you have a property which you bought through one of the three ways of buying Tax Delinquent properties I am teaching, then you probably have only paid 5-10% of the true market value of that property. Now it is time to realize the profits on that property and one hidden way often overlooked it to Donate the property to a qualified Charity. I am not an Attorney or a CPA, so this is Not meant as absolute advise but only as something that could spark your interests but requires checking and verification with a CPA and/or Attorney. If you are able to purchase a property for a few hundred dollars that is assessed for a few thousand dollars you might be able to donate this property to a charity and you might get a tax deduction based on the TRUE Market value of the property and NOT based on the amount you paid for the property, thus bringing you a nice profit at tax time. ...
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