I have spoken with a seller’s broker who advised me to consider buying the corp from the seller instead of buying the assets of the corp. His reasoning behind it was to prevent the property taxes from increasing dramatically. He suggested to make sure the corp was clean of any litgious issues first.
Have always purchased assets so as to get full advantage of depreciation, but with a park not having as much depreciation as lets say an apartment complex, wondering if this might be preferred so as to keep ptoperty taxes low.
Any thoughts on this?