Cosmo DePinto
Has anyone used Anderson Advisors?
27 January 2025 | 10 replies
That's about what mine cost to set a living trust with the documents you mentioned.
Noah Laker
TAXES: Divorced client wants to sell
17 January 2025 | 3 replies
Sharing proceeds can be documented through a contract or settlement agreement without title changes.
Shannon Vistisen
Purchase the LLC or the property alone
18 January 2025 | 5 replies
You can also hire a real estate attorney off of UpWork or Fiverr to review the documents and give you an opinion just to be sure.
Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
19 January 2025 | 147 replies
A review of your offering documents makes clear that investor money is considered game for any purpose.
Kristen Swan
Asking Tenants for further information after being approved. ( I'm the Tenant )
20 January 2025 | 1 reply
A copy of our current driver’s licenses (for both of us).Again, all the verifying documents have been submitted through Zillow, but now we are communicating with the wife via email (outside of Zillow).
Bruce D. Kowal
What REALLY Triggers IRS Attention in Real Estate Partnerships - From An Onlooker
29 January 2025 | 6 replies
Syndication Reporting IssuesMissing Form 8918 for reportable transactionsInconsistent investor disclosuresRequired registrations skippedWhat Doesn't Actually Matter:(Despite What Your Uncle's CPA Says)Special AllocationsNormal promote structuresStandard waterfall provisionsTypical developer promotesReality: Unless extremely aggressive, IRS rarely caresTechnical DocumentationMinor §704(b) gapsCapital account glitchesTechnical allocation languageTruth: Unless hiding something biggerProperty Value AllocationsNormal basis step-upsTypical appreciation splitsStandard promote calculationsReal World Example:🏢 100-unit apartment complex4 partners, $5M dealDeveloper promote structure= Zero IRS interestSame Deal With Red Flags:🏢 100-unit apartment complexHidden partner arrangementsArtificial loss allocationsUnreported debt shifts= IRS AttentionPractical Protection Steps:Basic Documentation✅ Clean operating agreement✅ Economic substance✅ Partner contributions tracked(Don't need War & Peace complexity)Economic Reality✅ Allocations match economics✅ Real money movement✅ Actual partner participationClean Reporting✅ Consistent K-1s✅ Required forms filed✅ Clear communicationThe "Sleep Well" Test:Can you explain your structure to an IRS agent without sweating?
Ricky Hernandez
Turning a New Build into a Rental Property
6 January 2025 | 7 replies
As someone who’s spent a couple of decades in real estate investing, here are a few things I’d keep in mind:HOA Restrictions: You’re absolutely right to check the HOA documents.
Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?
Susan Sheraton
Service Link - THE ABSOLUTE WORST
11 January 2025 | 1 reply
It takes them forever to sign documentation and make decisions.
Edward James smith
Still fairly new to investing
17 January 2025 | 8 replies
Documenting your journey online or engaging on LinkedIn can also help expand your network.