All Forum Posts by: T Lee

Thank you so much!! @Brian Eastman @Scott Jensen

Does it matter if cost segregation is used or not if I invest using my Solo K? 

If I use "regular" funds to invest, and cost segregation is not used, would I pay capital gains tax on the distributions and profit from the sale? Or, would I pay ordinary income tax on the distributions and profit from the sale?

Would someone please explain the difference in taxes between investing in MF syndication using Solo K versus using "regular" funds from my checking account?  

Let's say I invest $100k in a MF syndication, giving me 20% interest, and I get quarterly distributions, plus when the apartment complex is sold, I get a share of the profit from the sale. Cost segregation is used.

1. If I use my Solo K to invest in the syndication, what taxes would I pay on monthly or quarterly distributions? What taxes would I pay on my 20% share of the profit from the sale -- would the profits be taxed at the UBTI rate of 37%? 

2. If I use "regular" money from my checking account to invest in the syndication, then what taxes would I pay on the distributions and the profit?

3. How does taxation change if cost segregation is not used? 

Thank you to anyone out there kind enough to help me understand this! 

@Account Closed

https://soliddoorinvestments.com/ They are partnering with another syndicator, and I was wondering if anyone has invested with them or knows them. Thanks! 

Does anyone have any recent feedback about this fund? 

Has anyone invested with and/or know anything about MultiFamily Capital Partners (Tyler Deveraux) or Solid Door Investments (Bryan Ayres)? 

Has anyone invested with Solid Door Investments out of Scottsdale, AZ? What are your thoughts about them?

We have a specific house in mind that we want to try to buy without a buyer's agent. We toured the house during open house. We can draft the sales contract. Our house inspector has a realtor's key to that he can get inside the house. However, the house needs work, and we would like to get contractors into the house to give us estimates before closing. The seller's agent will probably let us in, but just in case she does not, I want to have our own options. I have heard that some realtors work on an hourly fee basis like an attorney does. Does any realtor in Austin do that? Thank you in advance!   

I second the comments made by Jeff C. The TREC form is very easy to fill out, and it doesn't take very long. The form is necessary because a residential sales offer consists of a lot more components than just a price. Anyone can fill one out the TREC form. You do not need a real estate agent to fill one out for you. I am not a real estate agent, and I have filled them out for residential sales on my own behalf. I am an attorney, but if you understand your rights and obligations under the contract and how contracts work, then you can easily fill one out on your own.

I have negotiated down the seller's agent's commission to 3%. If you ask nicely, many seller's agents will agree to "split" the 6% commission with you. (Technically, the agent cannot split the commission with you unless you are a licensed agent, but they can work the numbers out to where you will get the equivalent of 3% of the sales price in your pocket.)

Do not go around the seller's agent. The seller has retained an agent because he/she does not want to deal with potential buyers, doesn't understand the process and needs professional assistance, or for any number of other reasons, none of which you want to ignore. You do not want to annoy the seller or the seller's agent if you want to get a deal done.

If you don't want to retain a buyer's agent to help you (most I know will want at least 1% to represent you, which may not be cost-effective for you), I can look over your TREC offer after you complete it to help you understand the legal aspects of the contract.

So sorry! I meant "Joe" !

Hi, Jeff,

I am new from Austin, too. Where is your "unbelievable duplex" located? We do not have any duplexes, only 2 SFR (and one doesn't really count b/c my mother-in-law lives in it), but we met someone today who is a realtor and investor who loves duplexes and owns 10 of them. It doesn't seem like many duplexes can meet the 1%, but then again, the MLS doesn't have the good deals.