Look for mentor guidance to navigate the industry's complexities, and be open to learning from experienced professionals and other real estate enthusiasts.Thanks!

.- Real Estate Syndication: Participate in syndication deals where multiple investors fund larger projects, such as apartment complexes or commercial properties.4.

Hi, all. I have been waiting patiently for years to find a deal of this magnitude. 3 fell in my lap at one time. But one ended up on the market. So there are two left. I need help with this deal. Even some advice or r...

This project was too large and complex for us. 

The barrier is the additional complexity - now you are operating two sets of books, and filing two tax returns, and have more operating agreements, more state registrations, etc, need to manage cash better, need to keep in constant mind that your rents need to be a supportable FMV, which may require getting third party certification on your rents so that in the event of an IRS audit, what you have done is supported.In short...the size of the project, and the taxable income, need to be of enough scope to make all the additional costs and annoyances worth it. 

Some lenders may allow it, while others may require refinancing.Quit claim deed: This is typically how you'd transfer the property to an LLC, but only do this after getting lender approval.Alternative to LLC:Consider an umbrella insurance policy, which can provide additional liability protection without the complexities of an LLC.Tax considerations:Consult with a tax professional about deductions available for rental properties.Be aware of potential capital gains tax implications if you sell the property in the future.Estate planning:Consider setting up a living trust to hold the property.

Ask the questions in the attached article to get to an experienced asset protection attorney, not just an attorney who has taken a few CLE courses and is dipping his toes in this complex field.

Needs some general thoughts and inputs on this deal: 12-unit apartment all 1Bed/1Bath, 2 buildings (within the same complex), built 1965 and 1974, listed in April 2024, listing shows it is 100% occupied, but found some recent listing for rent for some of the units for $595/month. 

Depending on where you're located, an ocean view can significantly boost value.The best comps will be model matches of your unit within the complex. 

@Namit RaisuranaDepends on your preferences and situation of course, but seems as though you've set up a fairly complex structure with somewhat pricey ongoing maintenance costs.