All Forum Posts by: Albert Rothe

 Thank you.  
so will I be able to deduct my quarterly payments while being part of the syndicate?

and if I’m correctly understanding you, I will be able to deduct total profit after (maybe) 5-7 years if all goes well.  Is that right?

regarding the $100k, is that single or married amount and is that net or gross?   
am I hearing you correctly that $25k can be deducted based on this income level even as a non real estate professional?  This sounds like a quality benefit for people who earn this amount of w2 income compared to higher w2 earners, unless I heard you wrong. 

I was introduced to the world of passive real estate investing through syndications and there are many benefits that to continue to be shared, including bonus depreciation.  I’m new to this world so I don’t fully understand all the rules and benefits but as someone who isn’t a real estate professional, And my spouse isn’t either, so we still receive tax benefits from Investing in a syndication?  I think it’s obvious that those with professional status benefit More, but how helpful is it for someone who only has w2 income outside of the syndication investment?  I understand this isn’t the appropriate place for specific tax advice but general information would be appreciated.

 Thank you for all the helpful links to get me started. 

Thank you, I’ll do that.  
is it the book by Joshua Dorkin?

 I’m willing to put in the work to learn from the BP group but it would be helpful if someone could offer me direction to narrow my education focus.  

Thank you @Jacob LeBar and @Marlon Fong your posts were both helpful.  

My current interest level is more focused around knowledge and a little less about profit.  Of course I want to make money, but I also don’t want to spend months reading books and not taking steps towards practical education. 

Are there any likely ways to invest money with a person or two, as a joint venture, where I can learn how they do what they do, and maybe put up a bit more money than them but split the profits? If so, how would you recommend I go about finding such a person?  or is a waste of time to consider as it’s so unlikely to find?

Hello BP’s my name is Al.  I’ve listened to a variety of BP podcast episodes over the years and while they are interesting, they are often talking over my head. I am an absolute novice when it comes to real estate as an investment, but I’d like that to change rather quickly. 

not only am I a novice regarding real estate investments, but I’m also not very handy to complete moderate or major home projects, and the idea of chasing down past due rent is not exciting to me either. I do have money to invest, and understand profit margin will be smaller, the more work and tasks I outsource.  

Overall, I’m hoping to gain an education on this forum, and begin putting it to practical use sooner rather than later.  

would someone please help point me in the right direction so I can begin my new journey? 

 Thank you for your reply.  

If the house is purchased, as-is, at auction, could the new owner be liable for issues and problems more than just what’s wrong with the house?  This particular auction allows people to walk through the home so I plan to hire an inspector to come with me on one of the way walks.  Though, an inspector can’t see everything.  What are some catastrophic, money-pit, type problems a home might have when purchased at auction after  proper inspection during a walk through?   I thank you again for your reply and information  

Did I post this in the wrong area 

Anyone?