If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

The process can take client's anywhere from one month to two years of active and consistent searching, analysis and dealmaking to acquire the right home.

The rental demand in the area has been consistent, and duplexes offer the flexibility of house hacking or scaling into multi-family investing over time.With your experience in construction and remodeling, you’re already ahead of the game—fix-and-flips or BRRRR projects in Kansas City could be a perfect fit for you. 

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

If you go the direct-to-owner route, commit to doing consistent outreach for at least a year or, better yet, at least 2 years.

As GPs, we owe it to our partners and stakeholders to keep communication clear, honest, and consistent.

Historically, real estate markets perform best when the economy is stable, with steady mortgage rates and consistent demand for housing and commercial properties.

Hold for Long-Term IncomeBuffett has held AMEX for nearly 60 yearsHeld Coca-Cola for 35+ yearsSimilar to buy-and-hold real estate strategiesFocus on Cash Flow GrowthBoth AMEX and Coke have consistently increased dividendsJust like raising rents over time in quality propertiesLook for MoatsAMEX: Strong brand and network effectsCoca-Cola: Unbeatable brand powerLike owning property in irreplaceable locations💡 The Real Estate AdvantageWhile Buffett mastered dividend investing, real estate investors can do even better because:We can use significant leverage safelyWe control our asset's improvementWe get superior tax advantagesWe can force appreciation through improvementsWhat do you think, BiggerPockets community?

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?