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29 January 2025 | 3 replies
@Hector Haro spend some money and get Appfolio.
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12 January 2025 | 5 replies
I think it might be wise to get a partner for your first deal.Ā
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29 January 2025 | 23 replies
Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.
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29 January 2025 | 1 reply
Could these waits be mitigated by going the hard/private money route?
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24 January 2025 | 18 replies
@Geoff Engel If you don't want to be a landlord but still want to be involved with investing you could be a private money lender for flips or in partnerships and bring the money to the deal.
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25 January 2025 | 1 reply
Once your emergency account has a reasonable amount in it, whatever that means to you, you might want to think about steering that payroll money into the investment savings account from each pay check and leave the emergency account money as is.
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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 Ā§704(b) gapsCapital account glitchesTechnical allocation languageTruth: Unless hiding something biggerProperty Value AllocationsNormal basis step-upsTypical appreciation splitsStandard promote calculationsReal World Example:š¢ 100-unit apartment complex4 partners, $5M dealDeveloper promote structure= Zero IRS interestSame Deal With Red Flags:š¢ 100-unit apartment complexHidden partner arrangementsArtificial loss allocationsUnreported debt shifts= IRS AttentionPractical Protection Steps:Basic Documentationā
Clean operating agreementā
Economic substanceā
Partner contributions tracked(Don't need War & Peace complexity)Economic Realityā
Allocations match economicsā
Real money movementā
Actual partner participationClean Reportingā
Consistent K-1sā
Required forms filedā
Clear communicationThe "Sleep Well" Test:Can you explain your structure to an IRS agent without sweating?
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25 January 2025 | 4 replies
So does anyone have any guidance and ideas or know any banks that do rehab loans were all the money including labor is upfront and then we pay a monthly?
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6 February 2025 | 10 replies
Thatās how I got startedāwith little to no money out of pocket.
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27 January 2025 | 11 replies
Quote from @Tiffany Henning: I am in the same situation but ultimately will most likely go with Seth Williams because it is not necessarily a money-making funnel for him but more his heart to help.Ā