John - do members of TICs get tax benefits, or are they silent partners?

Of course, everything is negotiable, but in general terms, the Seller pays for what directly benefits him, and the Buyer does likewise.

He twisted a disadvantage and made it a benefit.

You likely benefit more than I will given it is your site and I am contributing for free.

I would like to be able to go to my mother and aunt and propose a way for us all to benefit.

I have been in Real Estate Finance since 1987, and have many good long lasting friends in the industry, but it seems like the number of working friendships that I have developed in 20yrs, could double or triple in a year, by benefit of this forum.

If not or so, do you know anyone in Dallas that I might seek to see if there would be any possible mutual benefit?

Is "new construction" depreciated? if so, how? If not, is it a write off? I know I can depreciate my purchase property less the land value, but how do I factor the new construction into the tax picture?

This is pr...

If you are using a conventional loan to purchase, the bank will require a title policy.If you are purchasing on a lease/option or land contract, you will want to record a memorandum of lease, lease/purchase, or if it's a land contract, you will want to record some sort of memorandum referencing the land contract that will cloud the title in the future (to your benefit).

He has obviously never done this before, uses the wrong terminology like "General Manager" (should be "Managing Member") and the Q/A is written very poorly, amateurish, way to many variables and everything benefits the Managing Members of the LLC's.