Ron's method of selection is not typical. 

@Ron S.The law changed on 11/28/2016. https://www.irs.gov/irb/2016-48_IRBSection: T.D. 9793

@Ron Fletcher I'd reach out to @Andrew Syrios as they bought almost the majority of a dev in Kansas City.

@Ron S. - Actually some juniors are forced to accept.

Ron

@Ron S. ??

Hey Ron,You mentioned tracking the tax basis & capital for both LLC's...did you mean the originating LLC that owns the property that my LLC bought a share of? 

@Ron Fletcher like I said before I drive my own truck and that doesn’t leave much time for reading but I have listened to several podcast and webinars I’ve learned a great deal but im not quite sure if my numbers are correct I’ve found a couple deals but I’m not sure if I’m doing things correctly I’ve ran numbers on at least 15 homes and duplex’s and 5 good deals I’ve felt would be good investments both short and long term for my market my next goal would be a hard loan I haven’t had the time comfortably learn about hard loans and loans in general give me a few days 18 hrs in a truck leaves a long time for audio books and pod cast rich dad poor dad changed my preception ofMy life and money i look forward to listening to richest man in Babylon

Originally posted by @Ron Fletcher:@Justin HeitterSounds great except your line saying I want to pay this off as fast as possible.Do your research but you will probably be much better off saving up down payment for future properties than paying off the first one before moving on.  

Send me an email, maybe we can work on some projects. ron [at]ffrealestate.net