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28 January 2025 | 42 replies
Quote from @Pietro Gaglio: Residential assisted living facilities need to keep track of various data such as vitals, bowel movements, and amount of food eaten.
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5 January 2025 | 13 replies
Most of the bad noise right now is about downtown skyscrapers and REIT or Syndication apartment complexes where they played short term versus long term interest rates wrong.
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19 January 2025 | 2 replies
They typically will have data and newsletters as well they can send you.
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8 February 2025 | 13 replies
Do you understand the added complexity, work involved, and costs?
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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?
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13 January 2025 | 15 replies
Keep it concise and data-driven.
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4 February 2025 | 4 replies
. - Based on sale of other units in the complex, I believe my current equity to be roughly $160,000, a little more than 50% equity. - The condo is currently leased through April 30, 2025. - August 2025 will be 3 years since I moved out.
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30 January 2025 | 13 replies
I find that automation often adds more complexity and time to a given situation rather than helping you save time.
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24 January 2025 | 4 replies
I don't know of anywhere with good data.
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30 January 2025 | 6 replies
Below is the quick data I pulled.