13 May 2020 | 11 replies
A syndication and a partnership are completely different animals.
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11 May 2020 | 10 replies
As things continue to unfold I find myself a lot more shy about even entertaining potential deal, not to mention pulling the trigger on one.
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11 May 2020 | 14 replies
It was a gut call but we just didn't like the burbs on the Indiana side of the border (Hence why we also explored Indy) Our primary problem with the numbers at the time was there just wasn't enough sales activity for us to pull the trigger.
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10 May 2020 | 17 replies
Of course, there is the risk of triggering the due on sale clause, which seldom happens.
9 May 2020 | 4 replies
A partnership of some sort may be a great option for you, even if its a temporary one.
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11 May 2020 | 10 replies
Kinda weird that for 2018 taxes I had 7-8 K-1 partnerships and the QBI with multiple columns thing didn't happen.I just don't know if it would be better to pursue the software and wait on the phone for the H&R reps, or just find a CPA to do taxes (both of which would probably take a long time) as I would need to send all my Excel spreadsheets with my individual rentals, depreciation schedules, etc.I was looking for a CPA that could do my taxes (single filer no LLCs), and provide periodic tax strategy to me throughout the year to save me on taxes.. for about $1000-2000 per year.
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23 May 2020 | 3 replies
I’ve gotten quotes for work and talked w city about connecting but never pulled the trigger.
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9 May 2020 | 3 replies
Stop for one month and because your letter was not in front of them when they were emotionaly ready to pull the trigger.
9 May 2020 | 5 replies
The property is a covered land play for eventual sell or partnership with a Multifamily investor to build around 200 class A unit.
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2 June 2020 | 6 replies
From the side of someone providing capital, I'd be scared that you don't have the experience or contacts to execute a rehab efficiently or operate a rental property (maybe you do, just an assumption), so I'd want more of a partnership scenario.Based on the information provided, I would propose something along the lines of these two options:Option 1 - You Keep Long Term EquityPurchase $300k via installment sale of $14,000 per payment, paid yearly for 40 yearsRehab $100k (or whatever it ends up costing)Title to be held in capital partner's nameAll net rent proceeds to capital partner until they get an 18% IRR on invested capitalCapital parter goes away Option 2 - True PartnershipPurchase $300k via installment sale of $14,000 per payment, paid yearly for 40 years.Rehab $100k (or whatever it ends up costing)Form a GP or an LLC and hold title in that entity's nameDo the renovation.