Chris G.
Drain Field Replaced at Rental Property and Broken Cable Line Responsibility
13 January 2025 | 1 reply
Well anyone can write anything into a contract, but whether it is legal and enforceable is for the courts to decide...It is State law here that a contractor must call 811 or they are liable for the costs.
Bruce D. Kowal
What REALLY Triggers IRS Attention in Real Estate Partnerships - From An Onlooker
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 §704(b) gapsCapital account glitchesTechnical allocation languageTruth: Unless hiding something biggerProperty Value AllocationsNormal basis step-upsTypical appreciation splitsStandard promote calculationsReal World Example:🏢 100-unit apartment complex4 partners, $5M dealDeveloper promote structure= Zero IRS interestSame Deal With Red Flags:🏢 100-unit apartment complexHidden partner arrangementsArtificial loss allocationsUnreported debt shifts= IRS AttentionPractical Protection Steps:Basic Documentation✅ Clean operating agreement✅ Economic substance✅ Partner contributions tracked(Don't need War & Peace complexity)Economic Reality✅ Allocations match economics✅ Real money movement✅ Actual partner participationClean Reporting✅ Consistent K-1s✅ Required forms filed✅ Clear communicationThe "Sleep Well" Test:Can you explain your structure to an IRS agent without sweating?
Tove Fox
Residential vs. Commercial Real Estate Investing?
5 January 2025 | 13 replies
Most of the bad noise right now is about downtown skyscrapers and REIT or Syndication apartment complexes where they played short term versus long term interest rates wrong. Â
Devin Bivens
Let the NETWORKING begin!
12 January 2025 | 2 replies
I am looking to focus my investing on the commercial space specifically value add apartment complexes.
Adedayo Adetunji
Stranger occupied property without consent
8 January 2025 | 5 replies
Squatters can now be locked out of a property and their possessions removed, but a landlord CANNOT physically remove the squatters themselves.The local police are supposed to enforce these laws and assist landlords in removing squatters.The reality is that when you call the Detroit Police to remove squatters:1) The police often don’t know/care about squatter laws and state you must take the squatters to court to evict them.
Abraham Shamosh
Section 8 Questions
9 January 2025 | 4 replies
Section 8 can be a profitable and reliable resource but it is 'their ball, their court' so know the rules first.
Byron Umana
Your First Airbnb: Do’s and Don’t
30 January 2025 | 13 replies
I find that automation often adds more complexity and time to a given situation rather than helping you save time.
Jake Faris
LLC creation: any gotchas for this joint venture?
28 January 2025 | 4 replies
You have two unrelated questions here.Question 1My impressions of your LLC setup is that having the ownership change over time is too complex with the potential for misunderstanding.Â
Michele Hart
Inherited a house with my 2 brothers
6 January 2025 | 9 replies
That outlines who gets what, and you avoid probate court.
Donald DiBuono
Buying a Trust vs Sub To
23 January 2025 | 7 replies
The court considers "open and notorious" to be in your favor as opposed to being sneaky and deceptive.Â