I've never participated in one but I do get petitioned for it semi-regularly. 

*Note: this post is intended for investors who actively DO NOT automatically file a 1040 every year, unless they've incurred a tax liability.I'm wondering what difficulties investors who understand (have read the pert...

I am new to the business, and am looking forward to learning all I can through participating in these forums and meeting excellent people like you!

(Will be at Lakeview in Harrisonburg tomorrow)In that regards note inventory isn't dead but it's much less accessible and low hanging fruity than it used to be.PS: In the several years that I've been participating on this forum, there is like 1 guy that asked me if I had notes for sale.

(there are other conditions as well, you must actively participate, be at least a 10% owner, etc) If your deduction is not allowed, all is not lost.

If you really just want to learn about real estate investing then you'll learn faster and more by just participating on these forums, listening to all the podcasts, and perhaps joining local meet ups.

We deliberately filed under that exemption to allow non accredited to participate.

You must keep the ownership percentage the same at all times and all income/expenses must be split according to your ownership percentage.Be sure to seek help of a professional who can guide you and structure this correctly so you can avoid violating prohibited transactions rules:https://www.irs.gov/retirement-plans/plan-particip...

If this is a foreclosure sale then all participating bidders must play by the same rules... competitive bidding. 

Has anyone participated in this program or know anything about it?