I have a building in a city with not enough parking. I have the opportunity to buy a lot that is half a block away that I could convert into a parking lot for my building. It would need security, and some permits, but that's not a big deal for me. Question is legal structure.
This building, I'm probably only going to hold on to for another year or two. Because of the tax credits that were getting, I think that if someone buys a building, they're going to want to buy our legal entity. What's the pros and cons of buying the separate plot of land for parking in the same legal entity, in a different legal entity, or as a wholly owned subsidiary entity?
Posted by ironicmirror