Sheila Steubing
REI GAME CHANGERS Reviews James Hodges
17 January 2025 | 19 replies
I signed up with them about 3 to 4 months ago, then found out how expensive the loan was to get going with them and told them that I would self finance it instead but they had to cancel the loan first...they use a company called Special Financing Company..the person I spoke to at REI his name is Paul, he said he would take care of canceling the loan, but a month later I realized that they were pulling $599 out of my bank account.
James Jones
New Investor Scaling Through Care Homes and Assisted Living
20 January 2025 | 10 replies
My name is James, and I specialize in the care home and assisted living space.
Karin Recalde
Purchased property listed and sold as a triplex just found out from city it is a SFH
6 February 2025 | 28 replies
Find an architect who specializes in this type of work, and who is very familiar with the building department
Jonathan Warner
Private lending. Where do I start?
5 February 2025 | 16 replies
A good attorney specializing in real estate can help draft these.3.
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?
Jonathan Snider
LLPAs for Vacation Home Loans
6 February 2025 | 9 replies
We have an investor running a special next month on 10% down second homes where the cost is 3-4 points cheaper than it would be, on a normal Fannie/Freddie loan.
C.S. Bryson
Is this a good deal?? New to investing and seller finance and looking for advice :)
24 January 2025 | 17 replies
The interest rate is not special nor is the 20% down (80% LTV).
Nirek Rao
Attorney specializing in immigration + business + tax laws
1 January 2025 | 1 reply
Hi Everyone,I am looking to get started with doing rental arbitrage with my cousin who is a Green Card holder, however, I am on a H1B Visa which restricts my ability to earn income "actively". To navigate the nuance i...
Byron Umana
How to Maximize Your Airbnb Income: Tips for New Hosts
26 January 2025 | 7 replies
Starting out can be overwhelming, but I’ve compiled a step-by-step guide specially for beginners.
Lorenzo L.
Buying my first property (NEED ADVICE)
15 January 2025 | 39 replies
When you can get a similar if not better return on municipal bonds, after tax, it’s a problem.