All Forum Posts by: Shahar Katz

So this has nothing to do with being a real estate professional, but instead, the operating agreement would indicate who's eligible for what...? And typically, the general partners would be the ones eligible for those benefits. Did I get that right?

Hi @Nicholas Aiola thank you for taking the time to respond to each and every person here.

We all hear about the great tax benefits of investing in RE. When it comes to bigger deals, I mostly hear about syndications and having multiple investors chip in to purchase a larger property together. In general, how does one take advantage of those tax strategies while keeping it fair with other investors in the same deal? What I mean by that is how does one take advantage of all the great tax deductions like travel expenses, car purchase, etc, while keeping it fair with the rest of the investors in the deal? If one of the investors in the deal (under an LLC) wants to purchase a car, it would only be fair if all the rest would get a car as well.

You hear about rich investors that purchase a jet and they managed to make it an expense. There's no way that because they wanted to purchase a jet, a lot of other investors in their deal got to purchase a jet, just to make it fair, right? The only way that I can see this work in real life is maybe if they're real estate professionals, they don't pay taxes on their distributions like I would (as a W2 employee who does this as a side hustle) and then deduct those expenses as a global expense, rather than one that is related to one of their companies.

I hope this question was clear, I know it was a little hard to describe. 

 Thank you Sarah, I just joined the group now

Hey everybody, thanks for all the help.
I was wondering what people think of Bloomfield and Manchester mainly for cash flow. I did check out New Britain and just like people said, you need to know the area, because some areas are obviously better than others.

I would like to get the same idea about the above two, since they both look pretty interesting. In particular, if anyone could suggest areas where they would recommend and also areas I should stay away from.

Thanks!

Thank you @Stephanie Cabral, I just signed up. Looking forward to seeing everyone

Thank you Allan. Since I heard not the greatest things about East Hartford, I didn't even consider it, but I guess just like the other towns, it all depends on the neighborhood. 

That's actually pretty funny, as Stephanie is my current landlady. Thank you, I would love to connect!

Hello everybody,
I'm a software engineer with some extra time and money and I recently decided to get myself into the real estate world. I've been reading posts here for quite some time and decided to take the next step in this journey.

I currently live in West Hartford and I'm looking for potential towns to invest in the area, mostly for rentals. From older posts I heard that New Britain and potentially Manchester could be good for cash flow and would like to get some input about that from anyone with more experience in the area. Specifically what areas in those towns should be avoided.

Also, I noticed that there's a meetup group for CT, but they're mainly focusing on the more southern part of CT, which I'm not as interested in, so if anyone knows about a different group for Hartford county, I would love to join and make more connections.

Thank you for your time!