Hello all, I am Eric Tao, active military currently stationed at Fort Hood.

Exit/Exchange at end of term: I believe you can do a 1031 with individual syndicator but some funds allow something called a 721 exchange to also transfer into a new fund without a capitol gain realized.6. 

And then after you are in a relationship......hard to find....at end of project, make-up mode to get my last deposit and reassurance that he gets my next job!

Other than the recapture on depreciation due, I believe, in the year of the sale, the rest is pretty straight forward.Interest received is income, interest paid is deductible.Down payment, pay off at end and Principle received is prorated between return of basis (no tax) and cap gains, taxed at cap gains rates.

I will soon to be real estate investor, as I'm going to be buying my first property, (a tri-to-fourplex) to buy and hold, and "house-hack" in the greater Seattle/Tacoma area.I have just been pre-approved for financing, and I have a few prospective properties I'm looking at with my agent, but I haven't talked to a real estate attorney yet, and I'm curious if I need to discuss my plan with a lawyer to 1) become educated on the local and general land lording laws, 2) form a rental/lease-agreement for my future tenants, 3) Advise me on a corporate entity to form to hold this property under, and 4) help me steer clear of anything illegal I may have a tendency to do before I actually do it.

See active participation checksheet at end of chapter.Sub-Issues The activity must consist of rental real estate (not an equipment lease).The taxpayer must have “actively participated” in the rental.The MAGI must be less than $100,000 in order to obtain the full $25,000 benefit.Active Participation Sub-IssueAs long as a taxpayer participates in management decisions in a bona fide sense, he actively participated in the real estate rental activity.

Unfortunately, he stopped answering my emails and phone calls until a week later when he announced he had signed contracts with another party who offered more money and quicker closing at end of Feb.

Everyone has something to offer, and even though we don't talk about it like that, money is what busy professionals have to offer.There is a tendency in the REI community to want to be DIY about everything, and I think it's also an American ideal of self-made entrepreneurs.

U&O = Use & Occupancy inspections and certificate of occupancy when passing at end of inspection.So I will have to get a "conditional" certificate, where certain conditions have to be met in order for the property to be allowed to be occupied by people as a residence.

All of my loans are principle and interest due in one lump sum at end of term so I never have monthly payments, unlike hard money loans.- Do you get any kind of insurance on the place and if so, is that included in these figures?