This is for 3 properties I use spreadsheets, that I also provide to my clients if they don’t have a good accounting system. it can be a lot of work with making sure you have all the receipts, issuing 1099s, ensuring you have deductions, etc. as such, I recommend doing bookkeeping monthly. what’s funny is that as a tax preparer and advisor, the majority of the time isn’t spent entering numbers on a return.

Now they want to put the properties into RE Gain Fund, LLC UpREIT (which appears to have been established in 2023). 

Consult with a tax advisor or attorney familiar with both partnership law and real estate to ensure compliance and minimize tax liability.Once under a TIC structure, 1031 exchanges for individual members could allow them to reinvest proceeds from the sale of properties into new ones without triggering immediate capital gains taxes.

I have a hard money lender established to cover 80% of the purchase and 100% of the rehab, so my capital partners would be covering:20% of the purchase priceRange of $30,000-$50,000 cost of capital25% of the renovation budget (to kickstart the project while waiting for reimbursements)$25,000 contingency padAny tips would be great, and if you happen to be interested yourself I can send you more details.

It may be beneficial to link up with an established wholesaler and pay them to mentor you or work for them and learn.

Make sure to consult a financial advisor if necessary and also consider reaching out to your local credit unions.

Do you have the connections already established?

If we hope to be in business over the long term, we have to establish "fair and reasonableness." 

The Individual plan is perfect for the investor who has established investing strategies and is looking to scale. 

Establish your 2025 goals.What goals do you plan to accomplish in 2025?