I love you show and really appreciate all the information you guys provide. Your humor makes tax fun! I want to buy a house that is currently owned by a real estate trust. I will be using this house as a rental. Can I buy the “Trust” or become the Trustee rather than change ownership on the deed. The house was previously purchased for $250,000 and I will be buying it for $750,000. The taxes on the property will more than double if it changes ownership. If I buy the trust, the $750,000 purchase price won’t be recorded anywhere so taxes will stay the same. Is this a reasonable strategy or is this going be a headline “Florida Man goes to jail for fraud and tax evasion”
Thank you for all you do!