All Forum Posts by: Andrew K.

@Maneesh Joshi I have a combo of personal and LLC owned. LLC has partners. Personal was the first few acquisitions and I bought an umbrella.

If you don't have personal assets to protect then why create an LLC? Just get a $1-2million umbrella policy to protect yourself.

Buy and Hold on SFHs and an apartment building.

@Douglas Gratz were you still planning to get a meetup together?

Depends on the issue but discount your offer price significantly if you think you're going to replace the septic.

Thanks to you both.  I don't know how I got this fact so wrong.  

My question is mainly around depreciation recapture (DR) after a syndicated deal is sold. 1031 isn't an option. My marginal rate is less than 25% so it feels like I'm on the losing end of taking depreciation deduction (I know it's not an option). Is there anything I can do or should I put my syndications in my IRA only?

Yes

I'm interested in Norristown.  I'd like to meet up.

@Douglas Gratz Are you setting aside future capex costs and maintenance reserves in your expenses or just:

gross rent - (mortgage + insurance + taxes) ?