Passive Income with Apartments - The Good, The Bad and The Ugly

[Omar Ruiz]

You won't find Omar or Jeffrey on late night TV because they actually work on their multifamily business and not trying to sell books and courses about real estate investing.

They are practitioners-in-the-business with apartments, rentals and home flips in three different states. They will share their journey in apartment investing. Here are a few topics that will be covered:

Why Apartments

Market Cycles – The Good News and Bad News

Nightmare on 9th St - Lessons learned on our most challenging property

How The Reserves Saved Us!

What We Did to Adjust Our Qualification Criteria

Financing for Apartments

Syndication – What Is It and Tips to Raise Money From Investors?

Infinite Return on Investment – How we did it.

Why Brokers Pro-Formas Suck!

Biggest Mistakes Investors Make

Brief Analysis of Actual Income Statement from an Apartment Deal

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Keep More of Your Money – New Strategies for Real Estate Investors under 2018 Tax Reform

presented by Pat Leung

For real estate investors the saying is true…    "It's not about how much you make but how much you keep".

Some investors make money in real estate, then pay ordinary income taxes – ouch! Others use the wrong entity only to learn that they could’ve kept more money if they knew better.

Pat Leung, from Leung Tax Consulting will cover the following items:

Deduction limitation for homeowners – It’s not like it used to be.

New rules for 1031 Exchanges

Pay less taxes with higher write-offs under bonus depreciation and Section 179 expensing

20% deduction for small businesses

Retire with more money by Optimizing retirement plan deductions

Patricia Leung has over 12 years of professional tax and accounting experience with emphasis on real estate. She’s worked in management capacities in “Big 5” and regional CPA firms, as well as in a large private equity real estate firm. She’s serviced multinational corporations, partnerships, and small businesses in numerous client matters, including complex U.S. and international tax issues, research and tax planning for high net worth executives. She will share information that can help you keep more of what you make.

Tel: (949) 510-0637

www.leungtax.com (http://www.leungtax.com/)

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About the Meeting...

November 6, Tuesday

6:15 - 7:00 pm: Come early for NETWORKING

7:00 - 9:00 pm: MAIN MEETING

9:00 pm – On: Stay after for MORE NETWORKING

COST: $30.00 Pay at the door, cash, card or check only.

ATM is located at the Hotel Lobby.

PARKING: $12.00 dollars and 100% validation with the purchase of one soft drink, cocktail and/or appetizer at the hotel restaurant while networking before or after the meeting.

As usual there will be no sales pitch of any kind. We pride on the FIBI philosophy: "Bare Bones Real Estate without the hype and without the BS"

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