IRS SECTION 170 BARGAIN SALES
BE SOMEBODY'S HERO
100% of the proceedings go to charity
HOW IT WORKS
We'll make an offer on the property, typically for less than 50% of the listing price
The other 50% will be in the form of a tax deduction that can be used anytime over the next 5 years
"I have worked with Bob Miller for several years on commercial and industrial properties. In certain situations his nonprofit is the perfect solution for my clients. Some of my listings are vacant, tough to sell buildings because of being functionally obsolete or the poor condition of the building.
Bob offered my clients a solution of donating the property and utilizing a tax deduction or a cash plus tax deduction sale. The properties have been closed quickly, most times in 30-60 days, and I received my real estate commission on the transaction quickly.
I suggest brokers look at his system of liquidation, it does not work in all situations, but it does work in some."
- J. Roberts, Broker