Hi all, first time poster trying to learn before I buy my first rental property.  Question is, if I have the means to put a high enough down payment on a house to be cash flow positive (assuming my expense estimates a...

Hey Dina, I have a good amount of investment experience in the northwest side of Chicago.

#riskybusinessIMHO no amount of "company culture" can make up for these risks.

Quote from @Rud Sev: Hello,I am new to the world of syndication (LP investor) and want to understand how taxes at a high level for syndication as LP before asking individual specific questions to my CPA.Notably, I want to understand how preferred returns/cash flows are taxed, if at all, until the amount invested has been returned.

Especially if im paying a decent amount, i remember if they went cheap on the TP. maybe its just me.It's just you.

Welcome to the community and be ready for a huge amount of information at your finger tips.

I can have my clients give me feed back if you want to send me the address via PMAlso I got stuck with a few props there when my first balt client imploded ( of course i was in them at wholesale levels) but I exited with ASHLAND auctions and we recouped generally speaking.Also Section 8 there pays a very large amount compared to most markets if your forced to keep it I would go that route you can get 1600  to 2k on section 8. 

Any amount you purchase less than your sale, or any amount of cash you take out will be taxed as profit. 

You usually end up with the same amount of taxes over two years, you just get your Amazon package and your tax deduction one year sooner.Buy a new car.

Current Financial Snapshot:• Savings: A solid mid-seven-figure amount currently invested in the stock market.• Primary residence: A 2-bed, 2.5-bath townhouse purchased in 2020 with a 2.75% interest rate.