The regs state if the new loan on rental property exceeds the outstanding balance of the old loan the portion of the interest not allocable to proceeds with a rental use are generally not deductible.

It sounds like allocating time is a common theme among BP members .. along with sometimes being more firm about your opinion with your partner(s)Maybe another lesson here is to try to have a backup team of people you can trust that you can outsource jobs too when your main people are too busy.

All profit and loss allocations will be based on the operating agreement.

His idea was that you pre-allocate XX% to the things that are most important to you, just like a savings account (like time with family, personal growth,taking into account responsibilities.It also allows you to set goals over the long term with your time.

If anyone has any idea how to allocate separate capital for each particular deal inside of one Series A placement I would love to learn more about how you're doing it.

The LLC creates a shelter which allows you to allocate the cash you use to purchase and the loans you leverage for the financing of the properties in your portfolio that you've decided to acquire throughout the years.

In your analysis and setting of metrics, do not forget to make sufficent allocations of net income to capital reserves for future capital expenditures (roof, HAVAC, sewer line replacement, etc).Welcome aboard and best of success to you.

or is the property foreclosed and upon sale the dividends are allocated between the investors?

As far as allocating interest expense, since all 10 are in one note, the accountant and I will do a journal entry based on the basis value of each physical property.Hope this helps.

To get it flip worthy, I would need to allocate a total of $20,000 and that is slim for holding costs.