Before the income subject to UBIT is calculated you can depreciate and deduct expenses and losses on that portion of the income so generally it's not as bad as people think. 

Converting OP units to shares of the REIT creates a taxable event.Ok thanks.

Essentially lower my taxable income by $117k?! 

I have calculated the late fee and it should be about a half percent total.

They will issue an IRS Form 1099 in January, reporting your total taxable income to you and the IRS.

These are not taxable events.

Hey @Brandon LaRose, do you have the ability to use a Margin Loan against a taxable portfolio, or a policy loan against a permanent life policy?

I was wondering if anyone had any recommendations on how to calculate a relatively accurate 5 year rent growth for a market?

If it isn’t repaid, it can be treated as a taxable distribution, which adds to the risk.

Private funding from a relative may provide flexible terms and reduced financial risk, but formal agreements are necessary, and interest paid is deductible for you but taxable for them.Traditional investment property loans offer stability and tax benefits like deductible interest and property taxes but require larger down payments.