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Question: Our non-profit organization owns a building it housed in, but has hard time paying for its maintenances and taxes. What is the best way to decide whether we should sell the property, maintain the property, or sell and buy the new one, etc.?

Answer:

Hi Luda, and thanks for contacting CTB.

If your organization has an accountant on your board, you might ask him/her for advice or for referral to a CPA whose practice includes real estate transactions.

Question Date: Wed, 05/31/2017