All Forum Posts by: Ben Trageser

Based on the information provided, you can only claim a capital loss when you actually sell or dispose of your REIT investment, not when the REIT simply returns a portion of your principal.

Since you haven't received the funds yet, you cannot claim any loss for 2024.If you receive the 10% return of principal in 2025 and the investment is officially terminated or sold at that time, you could potentially claim a capital loss for the remaining 90% on your 2025 taxes.

The capital loss would be calculated as the difference between your original investment amount and the amount you received back (in this case, 10% of your principal).

No, you cannot purchase a home with an FHA loan via an LLC. FHA loans are designed for primary residences and require the borrower to be an individual, not a business entity. LLCs are ineligible for FHA loans and other government-sponsored mortgage programs

It's possible but going to be expensive and I would think they would want some collateral on the loan as well.

What are you looking for the spreadsheet to do/track?

I work with Mark's firm a lot along with a number of clients. They have had nothing but positive things to say.

Reccomend @Denver McClure

There are a lot of different avenues that you can take to make this work. From a partnership agreement perspective, you can set it up however you'd like. I would focus on a strategy and you and your brother like (Do you want day to day management of a house flip? Do you want to manage an AirBnB? Would you hire a property management company?) and then go from there. The set up is the easy part, it's just figuring out what you both like/enjoy. Are you looking for immediate cash flow or longer term appreciation?

Regardless of how you financed your rental property, you can generally deduct repairs and take advantage of depreciation schedules.

Highly recommend Maven Cost Seg! @Sean Graham

@Denver McClure knows the Dallas market very well. I'd recommend connecting with him.