Also, whatever the real estate ownership agency is there (the counterpart to our places where deeds are recorded) or a title company, you could call and get information.

@Jeff Greenberg How the withholding tax would be applied to the fractional ownership syndication deal, I cannot say as I have not participated in one.

Hi all - I have an out of state property I purchased in Dec 2021 (less than two years of ownership) using a second home loan.

For instance, ifa broker is working with a client who wants to sell a $10 million apartment building with $5 million indebt (50% loan-to-value), the client's inability to secure a $5 million loan for the replacement propertymay prevent the sale and result in the client not listing their property with the broker.The DST (Delaware Statutory Trust) ownership structure that Perch Wealth offers helps overcome thischallenge.

That way you actually have equity ownership in the property?

It's important to bear in mind that you won't exchange into LP ownership of the syndicated entity, rather into partial ownership of the property with a Tenants In Common agreement with the syndicated LLC.

If you want to sell before the Sponsor does, you would have to sell your fractional ownership. 

Think about all costs that could associated with ownership and look at the CURRENT rent roll.

If you plan to hold the properties long term you will have much less maintenance and expenses with mobile homes as long as you plan to sell the homes and only retain ownership of the land.  

You can read through your mortgage paperwork that you received at your closing to find out any due on sale issues that could potentially crop up if you change ownership.