Thanks and I’m looking forward to participating in this forum :)

Otherwise you can go after institutional investors if your deal is big enough.

You cannot treat different partners in a syndication differently without economic substance, just because it gives favorable tax treatment to some partners.It might be possible to structure things this way if different partners have different level of participation and different risks - which is case by case and high-end as far as tax planning goes.

@Tylor Billings I live in Tucson and would love to participate in your meetings.

We have read that 'Active Participants' can claim <$25K of write offs on their personal non-passive income.Since we have both been actively involved in finding tenants, completing repairs etc..

Basically from my understanding , Uncle Robert doesn’t believe in 401K and suggest that it’s better to just invest in REI and control my own destiny rather than the bankers and wealth managers in Wall Street that gambles with my money 💰 if I participate in a 401K program.

To get the construction loan and second equity raised the sponsor wants to eliminate the future 10% PR (after construction loan close) and only offers investors to cash out (capital plus accumulated 10% PR without participation of the equity increase since start of the project (no appraisal done).

Sites such as biggerpockets.com have many syndicators that participate in the forums.

A lot of institutional investors are dumping money into Denver.

Using this word is also used to divide the populace and probably somewhere back there the Tavistock Institute is involved to try to shape society.