Have you explored creative ways to structure these partnerships to maximize returns on your deals?

At their expense.They then must return the property to it's original condition.

Plenty of experience preparing multi state returns and handling things of that nature.

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEYou cash out $100,000 of your equity and use this as a down payment on a $400,000 investment property.

It is also important to note that the stepped up basis would flow through to the deceased partners estate K1 and estate return to start.

I would ask for the last few years of the Tax Return Schedule E for this property to see what their total expenses and net profit was.

I think of it as a range of rental prices of comparable properties and my goal is to make a good return on the lower end of that range of values.

📍 Property: 88 Innis Ave, Columbus, OH 43207💰 Bought for $1,000, Sold for $40,000📅 Total investment: $5,170.36📝 Licensing Fee: $3,000⏳ Processing time: 58 days from purchase to disbursement🔑 Key Numbers:Profit: $34,829.64ROI: 673.64%Annualized IRR: 4098%Ever wonder how land entitlements can deliver these kinds of returns?

I am not against taking money from 401K for real estate as long as my rate of return in real estate is higher.

I’m also based in Miami but invest in other states for similar reasons—Miami prices can be prohibitive for getting the returns you’re likely seeking.1.