Ostrich McTuTu on Nostr: Here is what you do. Free professional level advice. You create a non profit company ...
Here is what you do. Free professional level advice.
You create a non profit company and purchase a piece of land in its name.
The non profit company creates a lifetime lease to you for the entire property.
You set the price at a bare minimum monthly lease payment of let's say 1 satoshi or 1 penny. With a clause that the payments shall never increase for your entire life.
The non profit does not have to ever pay property taxes, given its taxfree status.
You get to live practically rent free the rest of your life.
The non profit has a clause in the leasw that states in case the non profit dissolves, or wants to sell the property. It shall transfer ownership into a trust. Where you are the sole trustee.
The ownership converts back to you and allows you to sell the property with lower tax implications upon resale.
Congratulations!!!!
This is how wealthy people do real estate right and avoid paying taxes legally here in the good old USA.
You create a non profit company and purchase a piece of land in its name.
The non profit company creates a lifetime lease to you for the entire property.
You set the price at a bare minimum monthly lease payment of let's say 1 satoshi or 1 penny. With a clause that the payments shall never increase for your entire life.
The non profit does not have to ever pay property taxes, given its taxfree status.
You get to live practically rent free the rest of your life.
The non profit has a clause in the leasw that states in case the non profit dissolves, or wants to sell the property. It shall transfer ownership into a trust. Where you are the sole trustee.
The ownership converts back to you and allows you to sell the property with lower tax implications upon resale.
Congratulations!!!!
This is how wealthy people do real estate right and avoid paying taxes legally here in the good old USA.