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27 January 2025 | 29 replies
Well since your an attorney and have taken the lead..
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13 February 2025 | 21 replies
I’m a member of both, as well as an agent and investor, and they’ve been great resources.Hope to meet you at an event soon and always happy to talk shop about the Milwaukee market or multi-family investing.
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17 January 2025 | 2 replies
I'd look at that as well as the Zoning Ordinance and Subdivision Ordinance, which every Pa township, borough or city has, or if they don't have those docs, they are covered by the county codes.
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19 January 2025 | 2 replies
They typically will have data and newsletters as well they can send you.
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23 January 2025 | 11 replies
Are you thinking of investing in Florida as well?
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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?
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12 February 2025 | 32 replies
(Well it was all good info, but that is what I can focus on first!)
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21 January 2025 | 4 replies
I own a home which I’m currently living in and planning on making a long-term rental property as well once I move out.
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1 February 2025 | 30 replies
I'll just add that in addition to offsetting future tax liability, I'd like to offset current taxes as well, during my highest earning years.
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24 January 2025 | 4 replies
Again, I am sorry that your expecations were not met as I will always try to be honest, straightforward and respectful to all of our guests".It is a shame that one reviewer can hold so much sway, but sometimes the host's response (if done well) to a negative review can actually draw me to a property, rather than dissuade me from booking.