All Forum Posts by: Susan M.

Undecided. Gathering as much info as I can in the short window of time I have. Fear about staying in DST though, as it sounds they will treat remaining DST investors worse than those in the REIT. BTW, my DST is Reva San Antonio HQ. I believe I misstated the TX city earlier.

I am selling the LegalShield small business legal plans.  One state: $49/mo.  Multi-state: $99/mo.

Evictions would be handled at a 25% discounted attorney fee rate.  Lots of other services are included at no cost (advice, doc review, debt collection letters, etc).  PM me if you would like more info or go here: TheLegalApp.Info.  I would be happy to send a flyer, but I can't figure out how to attach it here.

I am looking for other investors who work with Kay Properties (broker) and who have invested with REVA San Antonio DST (or other REVA DST's). Please reach out!

Caren, I sent you a PM.  Please read it and get in touch with me ASAP.

Thank you,

Susan

The DST I purchased with Allegiancy (Alorica DST in Ft Worth, TX) did not do good due diligence (in my opinion) regarding the structural quality of the buildings they purchased for this DST in 2022. The DST is losing $ due to upkeep costs (foundation, HVAC, normal repairs, etc.). (Unfortunately not an NNN property) - learned my lesson). Now they want to put the properties into RE Gain Fund, LLC UpREIT (which appears to have been established in 2023). Sounds like they are dumping a bad 1031 property into a REIT and spreading the financial burden upon existing REIT members. (I would be floored if I was a current upREIT investor in the RE Gain Fund.) I am wondering if the other properties in this REIT are in the same boat and am looking for feedback.

Does anyone else here own the Alorica DST? Did anyone do business with Allegiancy's other DST offerings, and if so, how are they performing? Is anyone an investor in the RE Gain Fund LLC upREIT, and how is that performing, and under what circumstances did you get into that REIT?

I am not sure what my next move is (stay with the DST and lose $ or move to the REIT and eventually have to pay cap gains tax if performance isn't good). Neither seems to be a good option. TY in advance.

I've used them a few times.  Low fees and the same level of service as another exchange company.  Why pay more than you have to? 

I have noticed that a lot of CPA firms want to be paid on a subscription basis now, so they make more $.  Many won't work with you otherwise.  Find a smaller, independent firm instead of a big one or a specialty one.  It's not necessary.  Buying and selling homes and having rentals are not specialized fields.  You just need to learn how to track your expenses and how to summarize them for your tax preprarer.  I used to use Quickbooks, but it was a lot of work.  Instead, I now download my credit card and bank statements at year end and categorize everything at one time, then hand it over to my CPA.  I've rarely needed advice or information from a prior return, but when I do, I would expect that a short call or email to my CPA would be covered in my annual tax prep fee, but if not, I'd be willing to pay by the hour as long as they don't chit chat to fill an hour's time.  

Same with attorneys.  I use a legal plan and it's been a fantastic resource and extremely helpful, not to mention a LOT less expensive than the standard hourly rate system.  It was perfect for my needs, and the attorneys are high quality.

So...no, you should not be giving away all your profit to firms that charge astronomical fees.  Don't fall for the sales pitch.  Good luck!

Get a great attorney (or legal plan) to help with legal issues that WILL arise, and a qualified CPA to help with deductions, join your local landlord association and registeron Mr. Landlord's website for information and suggestions from LL's around the country.

@Christopher Mayer, I would check city codes to see if it can be an "in-law" apartment or can be converted to a 3rd living unit.  Accessory dwelling units are becoming popular.

@Nemat Waseem, I think your partner is crazy.  Paying hourly rates instead of a monthly service is nuts.  Does he know how much attorneys charge by the hour???  The mistakes you make cost you a lot more in the long run.  I'm sorry, I'm not familiar with many attorneys in CA except for Parker Stanbury, but they are out of LA, so I can't help with a referral.  I'm sure others here can assist.