All Forum Posts by: Christopher Nemlich

Correct me if I'm wrong, but I don't believe the QBI deduction (Qualified Business Income) has anything to do with retirement accounts. 

That said, I do not know the answer to your question, but would direct you to Nicholas Aiola's CPA thread to try your question there.

In the case that this is done, does that then assume that since a portion of your capital has been returned you are then entitled to a lesser total pref moving forward (I.e. same % but off a lower basis)?

@Rick Martin Could you explain #1 a bit further? How exactly have you seen syndicators doing this and how can it be identified prior to investment?

Thanks. I guess I'm hesitant to do that as I don't want unnecessary cost and complexity if I can avoid it. How would you handle it within a single LLC?

@Nicholas Aiola I am considering forming an LLC with two partners to utilize for investment in syndications as an LP. Initially the investments will be split evenly (1/3 ownership each), but we will likely run in to situations in the future where each of us has different capital availability (i.e. we may want to go 40/40/20 or 50/50/0 on some investments). Is there a way to do this leveraging only a single LLC (through some sort of master document that keeps track) or would we need to establish a new LLC each time we want to make a new investment with different percentage splits?

@Stace Caseria Thanks, but definitely not interested in REITs. 

Thanks to everyone for the advice. 

Hello,

I'm looking to begin investing in syndications in the near future, but was interested to hear some opinions on picking individual deals versus some of the funds I have seen. The funds seem like a good way to gain greater exposure and get an extra layer of due diligence done for you, but there must be downsides as well. Lower return? Higher fees? Time spent without capital invested? Interested to hear all opinions. 

Thanks

@Nicholas Aiola I incurred expenses during 2019 to begin my real estate portfolio (travel, online subscriptions, etc) but did not close on my first property until early in January 2020. Can I deduct any of these expenses in 2019?

 That's good to know, and potentially a much simpler approach, thanks. I've spoken to probably 8 different syndicators or middle men so far and none have suggested that approach as a possibility.

As far as market goes I suppose it might be frowned upon to say this, but I'm not sure I care too much as long as I get diversity over time. I want solid, proven operators above all, specific market or deal is a bit secondary. 

@Barri Griffiths Pool to invest in syndications. I.e. rather than me taking $100k and investing $50k in only 2 deals, pool $300k and hit 6 per person. 

@Account Closed Closed group. Equal split every time.