All Forum Posts by: Inderpal Chadha

Please feel free to email me at [email protected].  I love helping folks move from paralysis analysis to action driven stage. 

Cheers

Inder

I have a property listed for rent to own but not much traffic. With interest rates so high now, I would have expected calls. I am going to follow the aggressive listing on sites recommended above. Thanks

Thanks a lot that is very helpful. Appreciate it. Do you have a sample operating agreement.

Thanks for the quick response. The entity is LLC with five members and four have contributed cash capital and one has sweat equity. Each has 20% stake. In this case, will the tax consequence be at the time of sale.

A sponsor in a syndication who receives 20% equity without any investment is taxed on receiving equity or only on sale of the asset. For example in an LLC has five members with 20% stake, and four only invest cash capital and one receives 20% stake as sweat equity, how is the 20% member taxed. Will the 20% (assuming is equal to $100K), be taxable income for the year - even though only equity was received. OR will this 20% ($100K) be taxed at the time of sale ?

Thanks

Hi

I am based out of Seattle and own multifamily properties locally and few other states. I am looking to expand in the Atlanta market. Seeking commercial agents with knowledge and expertise in the Atlanta metroplex

Thanks
Regards

Inder

For one property , you do not need an accounting package. And it is helpful to have an accounting background and/or  knowledge to post entries. Excel will work for now. I have been personally been able to manage over 20 properties with excel, now I am transitioning to waveapps which is a a free online accounting software. For practice, you can always try waveapps.

Is this only for multi family and not for Single Family investments.?

Lot of states including Wa have restraining order against evictions , giving relief to tenants. Anyone has been able to successfully get forbearance on EMIs.  Is there any program available for that.

Construction going on at the moment