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22 December 2024 | 14 replies
It can just be held in a savings account, no special account needed, but I always keep mine in an account separate from anything else.
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2 February 2025 | 1 reply
Cash from self directed IRA accounts How did you add value to the deal?
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21 January 2025 | 74 replies
Jessica, we do have thousands of organic likes on Facebook and have been in business since 2007, please Google us, we are no allowed to ad links nor phone numbers on here.Ā
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7 February 2025 | 9 replies
I use Sam's club and Amazon.I have a pro account with Sam's.
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7 February 2025 | 2 replies
Last piece of advice is to surround yourself with quality service providers (real estateĀ brokers, lenders, accountants, attorneys, PM's, Contractors, Insurance Brokers)., They will be instrumental to your business.Ā
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31 January 2025 | 2 replies
The design was great, but they hadnāt accounted for the structural modifications needed.
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19 January 2025 | 13 replies
The part that IĀ can see being the most beneficial to us, personally, is the "REI Hub" which is the accounting piece that you can opt to pay for as part of your monthly subscription.
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4 February 2025 | 0 replies
Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elements and roofingBasic HVAC componentsWater heatersFire protectionThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.
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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 Ā§704(b) gapsCapital account glitchesTechnical allocation languageTruth: Unless hiding something biggerProperty Value AllocationsNormal basis step-upsTypical appreciation splitsStandard promote calculationsReal World Example:š¢ 100-unit apartment complex4 partners, $5M dealDeveloper promote structure= Zero IRS interestSame Deal With Red Flags:š¢ 100-unit apartment complexHidden partner arrangementsArtificial loss allocationsUnreported debt shifts= IRS AttentionPractical Protection Steps:Basic Documentationā
Clean operating agreementā
Economic substanceā
Partner contributions tracked(Don't need War & Peace complexity)Economic Realityā
Allocations match economicsā
Real money movementā
Actual partner participationClean Reportingā
Consistent K-1sā
Required forms filedā
Clear communicationThe "Sleep Well" Test:Can you explain your structure to an IRS agent without sweating?
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4 February 2025 | 6 replies
DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used.